Japanese companies are successively entering the renewable energy sector in the Philippines. Sustech has teamed up with local conglomerate Vivant to launch renewable energy development, while JFE Engineering is partnering with a local company to develop solar power and operate a retail electricity business. The moves are driven by efforts to capture electricity demand generated by decarbonization policies and industrial development.
Japanese startup Sustech has teamed up with Philippine mid-sized conglomerate Vivant to launch renewable energy development. The companies are expected to proceed with the construction of large-scale solar power facilities in the country. Vivant is believed to be seeking to expand its local power development and supply capabilities.
Meanwhile, JFE Engineering is working with a Philippine company to develop solar power and operate a retail electricity business. It aims to expand its operations in the Philippine market, whose conditions are similar to those in Japan, and capture local electricity demand.
Against the backdrop of rising electricity demand driven by the government’s decarbonization policies and industrial development, Japanese companies are entering the renewable energy development sector. Through the establishment of local subsidiaries and cooperation with local partners, they aim to build long-term supply capabilities.
The projects reported to date include multiple developments, such as the rollout of solar power facilities at 3 or more sites through collaboration between Sustech and Vivant. Attention is focused on the progress of their local operations.