Mga tinaguriang 'bottlenecks' sa pagpasok ng foreign investors sa offshore wind projects,...

PTVPhilippines

Mga tinaguriang 'bottlenecks' sa pagpasok ng foreign investors sa offshore wind projects, tinanggal ng economic manager ni PBBM  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

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00:00It is expected that the position of the Philippines will be more stable as a preferred investment destination,

00:06especially in the field of renewable energy.

00:09The so-called bottlenecks were removed

00:12or obstacles to the rapid entry of foreign investors.

00:16This is what Kenes Paciente has to say.

00:21The administration will strengthen the investment in the country

00:25after the economic team of President Ferdinand R. Marcos Jr.

00:29are the ones who are hindering the construction of offshore wind projects in the country.

00:35Through this, the Department of Environment and Natural Resources

00:40and the Department of Energy will work together

00:42after they signed a memorandum of agreement

00:44that requires the use of offshore and auxiliary areas

00:48that are covered by the contracts for the service of offshore wind energy

00:52that will further strengthen the development of renewable energy resources in the country.

00:57According to Special Assistant to the President for Investment and Economic Affairs, Secretary Frederick Goh,

01:02the so-called agreement on the obstacles to the construction of offshore wind projects

01:07from remote areas will be in effect.

01:09The process of following the guidelines of the environment will be easier

01:15especially that it will pave the way to resolve the limitation of foreign ownership of public land

01:20which is one of the main interests of foreign investors.

01:24According to Kalihim, it will pave the way to strengthen the potential of the Philippines as an investment hub

01:30while strengthening the renewable energy of the country

01:33which is one of the priorities of the administration in the exploration and development of the economy.

01:38And because of this agreement,

01:40the Philippines will be able to encourage foreign investments in offshore projects

01:44that will help the country in its development.

01:47Before the signing of the MOA,

01:49the government allowed the sector of renewable energy

01:52to allow 100% ownership of foreign land

01:55which drew interest from foreign residents.

01:58But it became clear to potential investors of offshore wind projects

02:02that the 40% limitation of foreign equity in the public land,

02:06exploration, development, and utilization of natural resources

02:10is a reason for the need for the support of local partners

02:13to realize the projects of the residents.

02:17But through this agreement,

02:19which gives the DOE the right to use the allocated locations for offshore wind energy projects,

02:25foreign residents will be able to access the places needed

02:30for the authorized activities of offshore wind through the DOE.

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