German companies to invest in off-grid power projects

German energy companies are eyeing to partner with local firms to provide renewable energy solutions in off-grid areas, according to a report by Philippine News Agency.

Eight German firms are presenting their technology, particularly for solar, wind, and energy solutions during the German Energy Mission from April 26 to 30.

“This conference shows the enormous potential for business cooperation between German and Philippine companies in the field of renewable energy. More than 80 B2B (business to business) meetings were arranged during this business mission,” German-Philippine Chamber of Commerce and Industry (GPCCI) president Stefan Schmitz said in an online conference Tuesday.

He said German firms have seen the country’s potential for renewable energy, which can be a solution in off-grid areas.

He added that German companies, who would like to partner with Philippine firms, have unique technology and solutions using photovoltaic-hybrid and energy storage systems.

“Solar and other renewable energy options are attractive and encouraged given the renewable energy policies of the Department of Energy. Fossil fuel in off-grid areas is not sustainable operationally, economically, and environmentally. We need a paradigm shift towards self-sufficiency and a cleaner environment,” Renewable Energy Management Bureau director Mylene Capongcol said.

German firms that are doing the virtual business mission this week include 21st Century Clean Energy, BAE Batterien, DHYBRID Power Systems, Ferntech, iQron, KRAFTWERK Renewable Power Solutions, TESVOLT, and Wollny Consulting.

Their business mission is supported by the German Energy Solutions Initiative, an export program of the German Federal Ministry for Economic Affairs and Energy that supports German small and medium enterprises expand their businesses across the globe.