Taiwanese company E-Formula Technologies is helping the provincial government of Bohol in the Philippines make use of smart energy.

The two parties this week signed a memorandum of understanding (MoU) to start a 25-year project to provide smart energy for a continuous energy service operation on Bohol island. It will become a model case for exporting system integration in the Philippines.

The MoU was signed by Bohol governor Erico Aristotle Aumentado and E-Formula chairman Peter Chang.

“The provincial government of Bohol strongly encourages local and foreign investors to explore a wide range of opportunities in the power sector, particularly in renewable energy,” Aumentado said.

He added that expanding the existing capacity and guaranteeing a steady electric supply that will drive to a more promising future is a need to attain Bohol’s strategic change agenda of a smart-resilient province.

Taiwan’s Administration for Digital Industries deputy director general Jiunn-Shiow Lin said that promoting international cooperation in digital system integration was one of the main missions of the agency. In recent years, Taiwan has established successful cooperative models with the Philippines through international system integration cooperation.

E-Formula (www.e-formula.com) is a systems integrator with its own research and development facilities. It was founded in 2017.

• The Philippines renewable energy sector has seen greater interest and growth as investors place a higher value on pure plays in renewables than on traditional utilities, according to a report by the Institute for Energy Economics & Financial Analysis (IEEFA).