The Philippines has significantly increased its investment in renewable energy (RE) sources, specifically in solar projects, in 2016, a study has shown.

The country invested $1 billion in renewables last year, with solar power making up almost all of the capacity investment, Perry Stoneman, Capgemini’s executive vice president and global head of energy and utilities, told attendees of the 3rd Meralco (Manila Electric Co.) Technology and Innovation summit (MTECH) on Friday.

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