Renewable energy is emerging as a major pillar in deepening economic ties between Norway and the Philippines, with Mindanao positioning itself as a prime destination for green investments amid rising global demand for sustainable power.
During the European Free Trade Association (EFTA)–Mindanao Dialogue on April 28 in Davao City, Norwegian Ambassador Christian Halaas Lyster said Norwegian firms are increasingly exploring opportunities in the Philippines’ renewable energy sector, particularly in Mindanao, following policy reforms that now allow up to 100 percent foreign ownership in renewable energy projects.
“We see strong potential in the Philippines, including Mindanao, for renewable investments,” Lyster said during the EFTA-Mindanao Dialogue in Davao City. “There are opportunities in hydropower, solar, and even offshore wind.”
