German firm to invest in PH | Inquirer Business

German firm to invest in PH

By: - Reporter / @amyremoINQ
/ 02:13 AM October 10, 2012

German solar firm Mp-tec GmbH and Co. KG is keen on investing in the country’s renewable energy sector, saying that the Philippines is well positioned to serve as the platform for its planned expansion in Asia.

In a statement posted on the website of the Philippine embassy in Germany, Mp-tec founder and CEO Michael Preißel was quoted as saying that the Philippines had “European-friendly tendencies” that would complement the company’s plans to expand in the international market.

The German solar system integrator and project developer was optimistic about the Philippine market as Preißel noted the great potential of the renewable energy sector in the country.

ADVERTISEMENT

Preißel already identified Solarus Partners and SunAsia Energy as Mp-tec GmbH’s strategic partners in the Philippines.

Based on the statement, Mp-tec GmbH conveyed its intention to invest in the Philippines to First Secretary Adrian Cruz and Philippine Trade and Investment Center (PTIC) Commercial Counselor Jose Antonio Buencamino late last month, during their visit to the company’s headquarters in Eberswalde, Germany.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Energy, Germany, Investments, Philippines, renewable energy, solar power

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Curated business news

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.