Mindanao Development Authority Secretary Leo Tereso Magno announced the $1 billion investment by French renewable energy firm HDF Energy in developing Renewstable power plants in Mindanao. The initiative aims to address power needs in the region by constructing 10 plants focusing on off-grid areas and regions with shortages. Secretary Magno emphasized the significance of this investment, not only for Mindanao but for the entire nation, as it supports the country's transition to a green economy. HDF Energy specializes in generating firm power from renewable sources using green hydrogen, with plans for multiple projects in different provinces. The partnership between HDF Energy and the Philippines signifies a positive step towards energy stability and sustainable development. This investment showcases the potential for growth and innovation in the renewable energy sector, fostering economic progress and environmental sustainability in the region.