Philippine tech company We Are IT Philippines Inc (WIT) and Japan-based solar developer Eguchi Holdings Co Ltd have signed a joint venture agreement for the creation of solar and wind projects in the Philippines.
The new JV is likely to invest $5 million in projects related to solar and wind energy over the next two-three years. The long-term target, according to a company official, is to build at least five megawatts (MWs) in that span of time.
