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Two Chinese companies are investing $4 billion in the Philippines to set up manufacturing facilities that will produce wind power plant equipment including towers and blades.
“Hopefully we can close the project this yearend,” BOI managing director Ceferino Rodolfo Tuesday said at the sidelines of the Philippine Economic Mission organized by the Japan Chamber of Commerce and Industry for Japanese companies visiting the Philippines. “When you talk about offshore wind, the component of wind projects are really big parts. A blade can be as long as 80 meters, and the monopoly towers are also huge, so it’s impossible they will locate inland. They prefer areas with ports, and shipbuilding capabilities so they can easily transport the products from the manufacturing base to the project areas,” he said.
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