Chinese Renewable Energy Firm Sees Great Potential in the Philippines

An official of the China Power Engineering Consulting Group (CPECC) said the Philippines has massive potential in renewable energy (RE) that can help accelerate the country’s clean energy goals.

CPECC general manager Chen Jiping made this remark in his speech during the Philippine Renewable Energy Forum 2023 hosted by CPEEC, in Manila.

“The Philippines is rich in wind and solar energy resources, the massive potential of which is yet to be unlocked,” Chen said.

The forum focused on advances in frontier technologies of the renewable energy sector, such as floating photovoltaic (FPV), energy storage technology, and smart microgrids.

It also addressed major concerns and challenges renewable energy faces in the Philippines, including the application of FPV technology in marine environments, the application of offshore microgrid technology, and insurance solutions against extreme weather events.

China-Philippine cooperation in clean energy has become an important part of the bilateral ties of both countries.

Over the past 10 years, under the “Belt and Road” initiative, CPECC has worked together with its Philippine partners and completed more than 30 design, consulting, and EPC (engineering, procurement and construction) projects in the Philippines, which delivered tangible benefits.

In the future, Energy China hopes to initiate cooperation to create a community of shared future for mankind.

In his second State of the Nation Address last July 24, President Ferdinand R. Marcos Jr. said “Renewable energy is the way forward.”

“To date, the country has over a thousand active projects spread across the country: 299 of these are solar; 187 are wind; 436, hydroelectric; 58, biomass; 36, geothermal; and nine are ocean-powered,” Marcos said.