Chinese companies are investing abroad at fastest pace in 8 years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
THE Board of Investments (BOI) said it approved P607.22 billion of investments—bulk of which is in renewable energy—from January to April 2024, up 15 percent from the investment approvals recorded in the same period last year.
THE Philippine government’s decision to impose a moratorium on greenfield coal plants may have cut financing for coal projects but it was not enough to raise funding for renewables, according to the Center for Energy, Ecology, and Development (CEED).
Solar power is expected to dominate global electricity markets in the next few decades, and already accounts for three-quarters of renewable energy capacity, according to the International Energy Agency. This year, BloombergNEF predicts solar builds will climb another 25 percent, adding more than 500 gigawatts of capacity.
FUNDS raised by BDO Unibank Inc. (BDO) financed 28 projects that supported employment generation and the expansion of renewable energy sources in the country.
MORE stakeholders on Boracay Island are calling for a stop to the Nabas-2 wind farm project of the Yuchengco-owned PetroWind Energy Inc., which is seen affecting the Nabaoy River, the primary water source of the municipality of Malay, including Boracay. The project is located in the Northwest Panay Peninsula Natural Park.
THE Department of Energy (DOE) and public utility organizations are backing the relaxation of economic restrictions in the 1987 Constitution, anticipating the creation of 1.5 million job opportunities due to the government’s decision to permit 100 percent foreign ownership in the renewable energy (RE) sector from 2022 onwards.
THE growth of the renewable energy (RE) sector could accelerate faster than anticipated with new investment interest coming from hyperscale data companies, the Department of Energy (DOE) said.
THE Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR) on Thursday signed a memorandum of agreement (MOA) to jointly assist interested developers of offshore wind (OSW) technology.
The Boracay Foundation Inc. (BFI) has passed a resolution that forbids the construction of wind turbines in the proposed 14-megawatt (MW) Nabas-2 wind power project (Nabas-2) of PetroWind Energy Inc. (PWEI).
THE Economic Development Group (EDG) is now aligning government efforts to bring in more critical investment on renewable energy, processing of critical minerals and agriculture.
GERMANY is eyeing to invest in renewable energy and import raw materials from the Philippines, but stressed the need for the Philippines to have clearer rules for foreign investments.
THE PHILIPPINES landed in the fourth spot as among the most attractive developing economy for renewable energy (RE) investment.
TWO years after Manila banned the construction of new coal-run power plants, the government has doubled its efforts to build more sustainable power systems and to ease the entry of new, cleaner and indigenous technological innovations.
After two administrations, the mining industry is finally seeing the proverbial light at the end of the tunnel, but the challenge to ensure responsible mining by minimizing its impact to the environment and community remains.
ASKED to weigh in on the renewed interest in mining because of the huge demand for energy transition metals, the anti-mining group Alyansa Tigil Mina (ATM) admitted the issue is quite “tricky.”
THE Philippines is turning to the Middle East to seek billions of dollars worth of renewable energy (RE) investments that could sustain the country’s socioeconomic transformation until 2040, according to the National Economic and Development Authority (Neda).
The share price of Repower Energy Development Corp., a subsidiary of Pure Energy Holdings Corp., was little changed during its debut in the Philippine Stock Exchange (PSE) on Monday.
The Department of Energy (DOE) has issued the policy and administrative framework for the efficient and optimal development of the country’s Offshore Wind (OSW) resources applicable to all permitting agencies.
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