Shanghai, 25 January – Top-100 Chinese renewable energy (RE) company, Universal Energy (UE), called on the Consulate General today in pursuit of its planned investments in solar and wind-energy generation projects in the Philippines.

Founded in 2015 and based in Zhejiang Province, UE is a family-owned RE enterprise. It ranks among China’s Top 100 companies, and has invested domestically and overseas in solar and wind projects with total stored capacity of 1 GW.

UE Director ZHOU Jiali and Senior Manager Sabrina ZHANG was received by Economic Officer Consul Conrado B. Demdem, Jr.. PTIC-Shanghai Head Commercial Vice Consul Mario Tani, and the latter’s interpreter Ms. Vicky Wang.

Both sides discussed UE’s plans at visiting the Philippines to concretely explore the market, search for potential local partners, and map out prospective operations.  Director ZHOU said UE regards the Philippines as its “most important market for renewable energy in Southeast Asia,” citing the country’s political stability, RE potential, and robust demand for energy storage.

Consul Demdem welcomed UE’s interest on behalf of the Consulate General, describing it as dovetailing with the Philippine Government’s thrust toward clean, sustainable, and affordable energy and raising RE’s share in the country’s energy mix.

Commercial Vice Consul Tani briefed UE on the incentives available for UE’s prospective investments, and assured the company of the PTIC’s readiness to lend all necessary facilitation and assistance. END