This article was originally published at: https://peresdaily.com/germany-explores-business-opportunities-in-philippine-energy-sector/
According to the German-Philippine Chamber of Commerce and Industry (GPCCI), German companies engaged in energy efficiency and solar power are exploring business opportunities in the Philippines. The GPCCI recently held the Energy Efficiency and Solar for Buildings conference in cooperation with the Philippine Energy Efficiency Alliance and Cold Chain Association of the Philippines. Over 100 industry experts from both countries, as well as government stakeholders, participated in the conference, sharing project opportunities and best practices. The event provided a platform for German companies to connect with key public and private stakeholders in the Philippines.
The GPCCI stated that five German companies participated in the business mission, including SolarNext AG, MIG mbH, Hormann KG, Eeaser GmbH, and Ecoligo GmbH. GPCCI Executive Director Christopher Zimmer said that these visiting German companies have advanced technical know-how in the field of energy efficiency, and that the GPCCI is happy to provide a stage for them to connect with their Philippine counterparts.
The potential for investment opportunities in the Philippines is huge, and energy efficiency is one of the most labor-intensive activities in the energy sector, said PE2 President Alexander Ablaza. He added that investing in energy efficiency could generate more green jobs in the country.
Patrick Aquino, the Director of the Energy Utilization Management Bureau of the Department of Energy, emphasized that the government’s vision is to have renewable energy and energy efficiency to attain energy sustainability targets. He added that they are currently developing policies that will effectively implement the objectives of the Energy Efficiency and Conservation Act.
The German delegation will further explore partnership potentials with Philippine counterparts through B2B-meetings, project site visits, and other business networking activities in the following days. The conference is part of the German Energy Solutions Initiative of the German Federal Ministry for Economic Affairs and Climate Action and is organized in cooperation with Eclareon.
In November, the GPCCI welcomed the decision of the Department of Energy to allow more foreign players to participate in the country’s renewable energy sector, citing it as an area of interest for German firms.
This article was originally published at: https://peresdaily.com/germany-explores-business-opportunities-in-philippine-energy-sector/
