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SOLAR PANEL | Solar technicians inspects the solar panels before the unveiling of the newly installed 96 KWp system of the Manuel L. Quezon University — the first university in Manila to use solar photovoltaic power. This photo was taken in October 2022. (INQUIRER FILE PHOTO)
MANILA, Philippines — The Marcos administration’s aggressive push to invite foreign investors into the country’s burgeoning renewable energy sector is starting to bear fruit, with commitments in place to invest in projects that will generate around 75,000 new jobs, Labor Secretary Bienvenido Laguesma said on Tuesday.
Laguesma said in a Malacañang press briefing that Trade Secretary Alfredo Pascual had informed him that several projects in the power industry “will materialize,” particularly in renewable energy, thanks in part to President Ferdinand Marcos Jr.’s foreign trips during which he talked to business groups about local investment prospects.
Among the countries where investments are expected to come from are Germany, Singapore, the United States, and the Netherlands, Laguesma said.
“He (Pascual) mentioned that it (setting up of businesses) is being processed and he mentioned that it can create — if I’m not mistaken, he mentioned around 75,000 [jobs] from the five countries that expressed their commitment [to invest in renewable energy],” he added.
Available manpower
In his briefing, Laguesma said the Department of Labor and Employment (DOLE) was coordinating with the Department of Trade and Industry, as well as the Department of Energy to ensure that there will be enough manpower to complete these planned renewable energy projects.
The labor chief did not elaborate, however, on whether these planned investments will be set up by private firms or by state-run companies. He also did not specify the jobs that will be required to see these projects to fruition.
Laguesma just said that various government agencies as well as the private sector were working closely to ensure that these projects would proceed smoothly.
He talked about these new jobs in the renewable energy sector as part of the presentation of Dole’s Philippine Labor and Employment Plan 2023-2028 (LEP) during the sectoral meeting.
The LEP is in line with Marcos’ 8-Point Socio-Economic Agenda and the Philippine Development Plan (PDP) 2023-2028 aimed at reducing unemployment and addressing underemployment with better jobs.
The LEP implements PDP’s Chapter 4, which seeks increased income earning ability of Filipinos.
The labor plan has three priorities: maximizing productive, remunerative, freely chosen, quality and sustainable job opportunities; ensuring respect for all rights at work, international commitments and human rights; and building an inclusive social protection for all, Laguesma said.