NINE Chinese firms account for the $13.76 billion in renewable energy (RE) investment pledges made during President Ferdinand "Bongbong" Marcos Jr.'s state visit to China last week, the Department of Energy (DoE) said on Monday.
The firms were identified as China Energy International Group Co. Ltd. (Energy China), China Power International Development (CPID) Ltd., SPIC Guangxi Electric Power Co. Ltd. (a subsidiary of State Power Investment Corp. Ltd.), China Machinery Engineering Corp. (CMEC), China General Nuclear Power Group (CGN), China Huadian Engineering Co. Ltd. (CHEC), China Tianying Inc. (CNTY), Dajin Heavy Industry Co. Ltd (DHI) and Mingyang Smart Energy Group Ltd.
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