Here's two good news on the renewable energy sector and of course to the Filipinos.
First is the announcement of Energy Development Corporation (EDC) at last Thursday's Mindanao Renewable Energy forum its 10 projects lined up for implementation. This is in support on the call for investments on renewable energy projects.
According to the report from sunstar.com, six geothermal projects are set to be established in Surigao del Sur, North Cotabato, Misamis Oriental, Misamis Occidental, and Zamboanga del Sur plus wind projects in Surigao del Norte.
This projects will create a savings of $5.8 billion in foreign exchange as it is projected to replace the usage of about 114 million barrels of fuel oil plus the environmental and social benefits that it will bring.
Second great news is the country's first bio energy conference which will assess the current status of the bio energy industry, its relevance to climate change and ecological balance, and business opportunities.
Reports from abs-cbnnews.com states that the conference was dubbed "Be Independent, Go Green Energy," the 1st Philippine Bio Energy Conference which will be held on August 18 to 19 at the Manila Hotel.
The conference aims to help develop a robust, vibrant, and profitable agribusiness sector in the country, said the organizers.
It hopes to encourage more investors to go into agribusiness, biofuel feedstock production and processing, and renewable energy production including biomass feedstock production and biopower generation.
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