The Development Bank of the Philippines (DBP) is partnering with the United States Agency for International Development for clean energy investments through a memorandum of understanding signed last October 1, 2009. Dubbed the “ECO-Asia Clean Development and Climate Program (ECO-Asia)”, its aim is to bridge the gap between investments and clean energy business by building partnerships in several of Asia’s fastest-growing economies.
The partnership will help stimulate more clean energy investments in the country, particularly in the Visayas and Mindanao regions, which hold the highest potential for clean energy projects due to abundant natural resources and a progressive agricultural industry. (DBP)