Portuguese Firms Eye RE Projects In PH

Energias de Portugal (EDP) and its subsidiary EDP Renewables (EDPR) of Liabon are considering investing in the country's renewable energy (RE) sector, particularly in their core wind farm business.

Photo Insert: The interest of the Portuguese electric utility and its RE investment arm was sounded off to Energy Secretary Raphael P.M. Lotilla by Portugal Foreign Minister João Gomes Cravinho during his courtesy visit to the Department of Energy (DOE).

The interest of the Portuguese electric utility and its RE investment arm was sounded off to Energy Secretary Raphael P.M. Lotilla by Portugal Foreign Minister João Gomes Cravinho during his courtesy visit to the Department of Energy (DOE).

As relayed to the Philippine energy chief, EDPR was established to manage, operate, and invest in the renewable assets portfolio of the EDP, one of the world’s leaders in wind energy installations. EDP, in particular, is the major shareholder in EDPR.

There are no specific details yet on the targeted investment, technology preference, and targeted siting of the RE installations by the Portuguese energy firms.

In a statement to the media, the DOE only indicated the planned collaboration between the Philippines and Portugal on RE as well as on other clean energy technologies, including hydrogen.

“Potential areas of cooperation include RE development and alternative fuels. Both (EDP and EDPR) wish to expand their presence in Southeast Asia through investments in the Philippines,” said the DOE.

Within Southeast Asia, EDPR has presence in Singapore, Indonesia, Malaysia, Thailand, Vietnam, and Cambodia while its other key offshore investment markets have been China, Taiwan, Canada, the United States, Brazil, and its neighboring European markets.

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