Philippines, UAE's Masdar agree $15 billion renewable energy project
- Masdar has entered into a $15 billion deal in the Philippines to develop renewable energy sources, including solar, wind, and battery energy storage systems by 2030.
- The agreement will help the Philippines achieve 35% renewable energy in power generation by 2030 and 50% by 2040, according to the Philippines Department of Energy.
- Philippine Energy Secretary Raphael Lotilla stated, 'Together, we are positioning the Philippines as a regional leader in sustainable energy.'
- Masdar aims to become one of the world's largest renewable companies with a target of 100 GW of solar and wind assets by 2030, as mentioned by CEO Mohamed Jameel Al Ramahi.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage