Department of Energy Supports One Hundred Percent Foreign Ownership for Renewable Energy Projects
By the year 2030, the Department of Energy (DOE) aims to attain a thirty-five percent (35%) share of renewable energy in the country’s energy mix. The DOE foresees this positive attainment by supporting one-hundred percent (100%) foreign ownership in renewable energy projects. This is pursuant to DOE’s Department Circular No. 2022-11-0034 which amended Section 19 …