Tuesday, May 11, 2021
 

German firms eye RE investment

 

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The German-Philippine Chamber of Commerce and Industry (GPCCI) are aware of the potential of the Philippines in the field of renewable energy.

Through a virtual event, German companies, in close cooperation with Eclareon, the Renewable Energy Association of the Philippines and the Philippine Green Building Initiative, as well as government representatives, shared project opportunities and best practices in the energy sector. The event was attended by close to 100 participants and also reached 700 people through Facebook.

“This conference shows the enormous potential for business cooperation between German and Philippine companies in the field of renewable energy. More than 80 B2B (business-to-business) meetings were arranged during this business mission,” said GPCCI President Stefan Schmitz.

For the past decades, many German firms have been active in establishing business partnerships in the Philippines. Now, more German firms are providing unique solutions for off-grid areas utilizing photovoltaic-hybrid and energy storage systems, and would like to establish partnerships with Philippine companies.

“Solar and other renewable energy options are attractive and encouraged given the renewable energy policies of the Department of Energy. Fossil fuel in off-grid areas is not sustainable — operationally, economically and environmentally. We need a paradigm shift toward self-sufficiency and a cleaner environment,” said Department of Energy-Renewable Energy Management Bureau Director Mylene Capongcol.

The German Energy Delegation is a virtual business mission of eight German companies — 21st Century Clean Energy, BAE Batterien, Dhybrid Power Systems, Ferntech, iQron, Kraftwerk Renewable Power Solutions, Tesvolt and Wollny Consulting.

 

In the days following the conference, the participating German companies will further explore partnership potentials with Philippine counterparts.

The project is under the German Energy Solutions Initiative — an export program of the German Federal Ministry for Economic Affairs and Energy supporting German small and medium industries in their global outreach.

GPCCI belongs to the international network of German Chambers of Commerce Abroad that is represented by 140 offices in 92 countries. GPCCI is the official representation of German businesses in the Philippines, a bilateral membership organization with around 300 members and a service provider to companies in their market entry and expansion.


 
 

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