Gliding Renewable Energy Investment at Philippines and United States

The Philippine government plans to invest nearly 40.6 billion USD for developing renewable energy sources, fossil fuel production and stimulate other key areas of the Philippines. Jose Rene D. Almendras, the energy secretary in 2010 in the Philippines said that the infrastructure, the alternative energy investment made by the Philippine government is essential to establish energy security, to develop a platform for sustainable energy and achievement of better pricing. The lion's share of investment in energy will be used for development of biomass, solar, wind, marine and geothermal energy sources in the Philippines. The document revealed by the Philippine government represented that the country has substantial geothermal resources to produce more than one thousand megawatts of energy, reserves and abundant biomass of large solar power plants. Philippines can produce 170,000 and 76,600 megawatts of energy from ocean energy and wind power plants, respectively. The country will continue their joint ventures with entrepreneurs and existing energy welcome foreign investors of energy.

The U.S. Interior Department is expected to grant new leases for offshore wind turbines by the end of 2011 for the Atlantic and this lease shall be provided, after receiving criticism in federal waters and several coastal states . Ken Salazar, Secretary of the Interior Ministry articulated that the ministry of research areas of wind energy which are suitable for offshore development, conduct reviews on the environment, improve the relationship with local people and ask federal agencies to provide an approval for leases at the earliest. The Interior Ministry has formed a 'Smart from the Start "program, this will help for the proper functioning of the Bureau of Land Management and will help to investigate the potential of solar power and environmental impacts on the federal lands in the Southwest.

Allendale County, South Carolina, will receive $ 50 million investment that energy from a renewable energy company known for making new projects for the next five years and produce many opportunities for job. Raine Cotton, CEO and President made that renewable energy works in a South diligently to complete the phase and permission it will embark on the installation phase in 2011. Southeast of renewable energy in Allendale County will build a plant of 15 megawatts of biomass energy and the plant will be fueled by wood waste and will be completed by the end of the year in 2012. Officials involved in this venture is expected that this new project will train many indirect jobs such as trucking, logging and strengthen forest products industries.