Daily News

Biomass now open to 100% foreign stake

The Department of Energy’s newly-released omnibus guidelines for the award and administration of renewable energy (RE) contracts is intended for fast-tracking the development of RE sources, which include fast-tracking the application process and making the implementation of RE projects more rigid. In particular, the circular allows 100-percent foreign ownership in biomass plants — foreign firms no longer need to tap a Filipino partner to construct such facilities.