Eight German companies are looking at opportunities at the renewable energy industry, in partnership with local firms.
The German-Philippine Chamber of Commerce and Industry (GPCCI) said the firms in the business mission – 21st Century Clean Energy, BAE Batterien, DHYBRID Power Systems, Ferntech, iQron, KRAFTWERK Renewable Power Solutions, TESVOLT and Wollny Consulting – are exploring potential partnerships with local companies in the field of renewable energy.
GPCCI said that establishment of local partnerships can offer unique solutions for off-grid areas utilizing photovoltaic-hybrid and energy storage systems.
GPCCI spearheaded an online conference to serve as a channel for discourse between the German companies, firms and government representatives from the Philippines to share project opportunities and best industry practices.
“This conference shows the enormous potential for business cooperation between German and Philippine companies in the field of renewable energy. The business mission arranged more than 80 business to business meetings.”GPCCI President Stefan Schmitz said.
Mylence Capongol, Director of Renewable Energy Management Bureau stated: Solar, among other renewable energy options, are attractive and being encouraged given the Department of Energy’s renewable energy policies.
“Fossil fuel in off-grid areas is not sustainable – operationally, economically, and environmentally. We need a paradigm shift towards self-sufficiency and a cleaner environment,” she said.
Organized under the German Energy Solutions Initiative and implemented by the German Federal Ministry for Economic Affairs and Energy, the business mission was an export program being to help German small and medium enterprises expand their reach in the global market.
GPCCI, which groups German businesses in the Philippines, has around 300 members.
It provides support to German companies looking to enter and expand in the country.
With additional report: Philippine Star, Louella Desiderio
Image sources: ADB Blog, The Philippine Business News, and ASmag.com