Wednesday, May 31 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 29
Week of May 22
Week of May 15
Week of May 08
Week of May 01
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    German energy firms eye business opportunities in Philippines

    March 24, 2023 - Philippine Star News


      German firms engaged in energy efficiency and solar power are exploring business opportunities in the Philippines, according to the German-Philippine Chamber or Commerce and Industry (GPCCI).

      In a statement, the GPCCI said it held the Energy Efficiency and Solar for Buildings conference Monday, in cooperation with the Philippine Energy Efficiency Alliance (PE2) and Cold Chain Association of the Philippines (CCAP).

      Over 100 participants composed of German and Philippine industry experts, as well as government stakeholders, shared project opportunities and best practices.

      'These visiting German companies have the advanced technical know-how in the field of energy efficiency, and we are happy to provide the stage for them to connect with both key public and private stakeholders in the Philippines,'GPCCI executive director Christopher Zimmer said.

      According to the GPCCI, the business mission was participated by five German companies.

      Among these are SolarNext AG, MIG mbH, Hormann KG, Eeaser GmbH, and Ecoligo GmbH.

      'Several German companies are already involved in the industry of energy efficiency in the Philippines and this delegation signals an increased potential and investor interest. We are delighted to see more attention again from German companies,'GPCCI president Stefan Schmitz said.

      'Aside from its cost-saving benefits, energy efficiency is one of the most labor-intensive activities in the energy sector,' PE2 president Alexander Ablaza said.

      He emphasized that there is a huge potential for investment opportunities in the Philippines and can generate more green jobs.

      For his part, Energy Utilization Management Bureau of the Department of Energy director Patrick Aquino said: 'Our vision is to have renewable energy plus energy efficiency to attain energy sustainability targets.'

      'We are currently developing policies that will effectively implement the intended 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 business delegation in the Philippines for German companies in the field of energy efficiency and renewable energy industry from March 20 to 24.

      The project is organized in cooperation with Eclareon and is part of the German Energy Solutions Initiative of the German Federal Ministry for Economic Affairs and Climate Action (BMWK).

      In November, the GPCCI welcomed the decision of the DOE to allow more foreign players to participate in the country's renewable energy (RE) sector, citing it as an area of interest for German firms.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.