Wind Farm in Bangui, Ilocos Norte.
DTI leads PH
energy sector drive for investments in Germany
March 20, 2018
MAKATI CITY – The
Department of Trade and Industry through its Center for
International Trade Expositions and Missions (DTI-CITEM) is keen on
attracting more investments for the country’s booming energy sector
through export promotion activities in the upcoming Hannover Messe
to be held in Hannover, Germany, on April 23 to 27, 2018.
“We are elevating trade
and investment promotion to a whole new level as we tap our partners
for inclusive growth from the energy sector in a collective
participation in this world’s most important industrial tradeshow
and the largest capital goods exhibition in Germany,” said DTI
Undersecretary for Trade and Investments Promotion Group (TIPG) Nora
With the theme “Solutions
for the New Era of Energy,” the energy sector of Hannover Messe 2018
will focus on innovative technologies for electric power systems to
become more flexible, to intelligently connect sectors, and to
engage new market participants amid an increasingly decentralized
global energy chain.
Hannover Messe covers the
world’s five industrial value-adding chain under one roof, namely
(1) energy; (2) integrated automation, motion and drivers (IAMD);
(3) industrial supply; (4) research and technology; and (5) digital
“As a global gathering of
key industry players, Hannover Messe is the prime platform to
drumbeat and build up investor confidence on the Philippines as a
global powerhouse of renewable energy and other relevant
technologies,” said Terrado.
In 2017, the Germany‐based
event gathered 6,500 companies from over 70 nations and was attended
by 225,000 visitors and trade buyers across the world, generating
around 5.6 million partnerships, business models and other contacts.
Aside from renewable
energy, the Philippines through DTI will also seek to secure
investments for local stakeholders in energy efficiency,
conservation, and transmission in the Philippines.
In preparation for
Hannover Messe, Undersecretary Terrado said they are gathering a
pool of 15 Philippine companies that represent the nation’s best
foot forward in terms of energy systems, technology, services and
other industrial goods.
“Through this synergy
among stakeholders, we will be able to seal partnerships with
foreign investors and mobilize much‐needed funding and
infrastructure to our energy players,” explained Terrado.
“It will also give
motivation to our local energy stakeholders to fast‐track efforts
towards the mainstream use of renewable energy sources in the
Philippines as more and more countries have started their industrial
shift towards more sustainable power sources,” she added.
between Philippine renewable energy companies to potential
investors, technology adapters, developers, suppliers and other
local energy stakeholders are also expected to take place in the
PH shifts to renewable energy
Renewable energy is
defined as energy generated from natural processes that are
continuously replenished which includes biomass, geothermal, hydro,
wind, solar and ocean energy under the PEP 2012-2030.
It has been identified in
the country’s Investment Priority Plan 2017-2019 as an emerging
sector that needs government intervention particularly in export
Based on a DOE’s
Philippine Power Situation Report, the country’s total power
capacity in 2016 is at 53.16 million tons of oil equivalent (MTOE)
with renewable energy occupying the second largest share at 32.5%,
only next to coal at 34.6%. The top renewable energy sources in the
Philippines are hydropower (16.9%) and geothermal (8.9%), followed
by biomass, wind, and solar (6.6%).
companies/exhibitor may contact Ms. Alex Lucas at 831-2137, or send
an inquiry at firstname.lastname@example.org.