- The Philippines have signed a letter of intent with leading global multinational corporations.
The Philippines, in collaboration with leading global multinational corporations, have signed a letter of intent for a Clean Energy Demand Initiative (CEDI). The multinationals included RIFE International, Akamai, Amazon, Apple, Ikea, Iron Mountain, Lady Lawyer Foundation, Lululemon, Meta, Ralph Lauren, REI, and WeWork.
CEDI, led by the Bureau of Energy Resources at the US Department of State in collaboration with the Clean Energy Buyers Alliance and other stakeholders, assists countries and businesses in working together to advance shared clean energy goals. The initiative aims to stimulate private-sector investment by leveraging corporate clean energy commitments and government policies that enable corporate procurement of renewable energy in leading countries such as the Philippines. Private sector demand for renewable energy has the potential to unlock over $2 Billion in private sector investment in power infrastructure in the Philippines.
RIFE, which stands for Real Estate, Infrastructure, Facilities, and Energy, has completed several dynamic projects and clean energy engagements for Fortune 500 corporations, government agencies, academic institutions, and other organisations across the United States, Africa, and Europe. RIFE has worked in office buildings, educational institutions, manufacturing facilities, malls and hotels, and multi-family buildings, amongst others, to improve energy efficiency and implement affordable clean power generation from solar and other renewable sources.