The Philippine government, through the Department of Energy (DOE), is advancing a policy re-casting that will allow full or 100-percent foreign ownership in renewable energy (RE) projects.That will be a shift from the current 60:40 equity arrangement in the RE development sphere, constitutionally favoring Filipinos to own 60-percent interest in RE project corporate vehicles/project companies, and only the balance of 40-percent can be granted to foreign investor-partners.
