Portuguese electric utility firm Energias de Portugal (EDP) and EDP Renewables have shown interest in investing in RE projects in the Philippines. Portuguese Foreign Minister João Gomes Cravinh disclosed this during his meeting with Philippine Energy Secretary Raphael Lotilla in his courtesy visit. In a statement, the Philippine Department of Energy (DOE) revealed that Cravinh has cited renewable energy projects and alternative fuels such as hydrogen as potential areas for co-operation.
In addition, Lotilla expressed interest in cooperation in the areas of offshore wind and floating solar, hydrogen and ammonia production using renewable energy, liquified natural gas importation, and improvement of distribution and transmission lines.
Informing further , the Department said , “Portugal, as an early starter in RE, has similar challenges with the Philippines and is interested in DOE’s approach in developing and utilizing the country’s RE sources.”
It may be noted that EDP generated 74% of its energy from renewable sources and has set a target to reach 100% clean energy by 2030. EDP Renewables was built to manage and operate EDP’s renewable portfolio and it is the fourth-largest wind energy producer and global leader in onshore wind farms.
In the year 2021, Portugal de-commissioned its two-remaining coal-fired power plants.