Cusi heightens campaign for US RE investments

By Myrna M. Velasco – February 27, 2022, 10:50 PM
from Manila Bulletin

The Department of Energy (DOE) is amplifying its pitch for American companies to consider injecting capital into the country’s renewable energy (RE) sector as government schedules another contracting round this year.

Energy Secretary Alfonso G. Cusi sounded this off during a Virtual Economic Briefing which had been intended to boost the economic relations between the Philippines and the United States.

The energy chief emphasized that one major opportunity the US investors could look forward to will be the scheduled green energy auction program (GEAP), of which 2,000 megawatts of RE capacity in power supply agreements (PSAs) under the Renewable Portfolio Standards (RPS) will be offered to qualified investors.