• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 49 mins WTI @ $75.75, headed for $64 - 67
  • 15 hours The Dirt on Clean Electric Cars
  • 6 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 3 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 6 hours These are the world’s most competitive economies: US No. 1
  • 22 hours Uber IPO Proposals Value Company at $120 Billion
  • 5 hours The end of "King Coal" in the Wales
  • 54 mins EU to Splash Billions on Battery Factories
  • 5 hours Coal remains a major source of power in Europe.
  • 13 hours Poland signs 20-year deal on U.S. LNG supplies
  • 1 hour U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 1 day COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 1 day UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
Is Uranium On The Way Back?

Is Uranium On The Way Back?

Kazakhstan’s state-owned uranium miner has…

Why Is This Little-Known Element Up Over 300%

Why Is This Little-Known Element Up Over 300%

Scalable sustainable energy storage has…

German Investors Consider Renewable Energy in the Philippines

A Swiss-German investor conglomerate Thomas Lloyd Investments Group has expressed interest to invest in the Philippines’ in partnership with Bronzeoak Philippines in Negros Occidental, a province of the Philippines located in the Western Visayas region, to generate renewable energy.

During a recent investment gathering Negros Occidental Governor Alfredo Maranon said, “There is potential for investment in this field because, based on the survey of the Department of Energy, the Visayas Grid alone needs an additional 2,100 megawatts until 2030. At present, a big chunk of our power is provided by geothermal sources, which accounts for 64 percent, followed by oil and coal,” Bacolod’s Sun Star newspaper reported.

Maranon added, “As such, there is enough room for partner-investors, including your company, to come in. (But) we are not only open to investments; we are inviting you to experience what we have to offer.”

Bronzeoak Philippines chairman Jose Maria Zabaleta riposted, “The best place to go to invest in renewable energy is Negros Occidental because the resources are here – wind, water, solar – yet the cost of power is still very expensive.”

Thomas Lloyd Investments Group reportedly is interested in partnering with Bronzeoak Philippines in the San Carlos BioPower 18 megawatt project, scheduled to come online in 2013.

By. Joao Peixe, Deputy Editor OilPrice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News