EMERGING Power, Inc. (EPI), a renewable energy company, will be putting up multibillion-peso wind and solar power projects at the Subic Bay Freeport Zone in line with its expansion from geothermal to solar and wind power.

The Subic Bay Metropolitan Authority (SBMA) has approved the entry of EPI into local company Jobin-SQM Inc. (JSI) via the acquisition of a 90 percent stake in the latter, SBMA acting deputy administrator Ronnie R. Yambao said.