On 15 November 2022, the Department of Energy issued Department Circular No. 2022-11-0034 to amend Section 19 of the Rules and Regulations Implementing Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008. The amendments remove Filipino ownership requirements previously imposed on the exploration, development and utilization of solar, wind, hydro and ocean or tidal energy resources, to allow full foreign ownership.
Ramon Miguel E. BacaniBrowsing
Ramon Miguel Bacani is a partner in Quisumbing Torres’ Corporate & Commercial/M&A Practice Group. He is also a member of the Firm's Energy, Mining & Infrastructure Industry Group and the Real Estate Focus Group. He has nine years of experience advising foreign and domestic clients in mergers and acquisitions, joint ventures, corporate restructuring, foreign investments, government procurement, infrastructure, energy, mining and natural resources, real estate, and general corporate law matters.