Tape and clips on frame - what for?

I have some greenish tape on the frame near the steering head. Has clips underneath so assume it should hold an electrical wire of some sort. Can anyone let me know what it is for as I am about to strip my frame. Bike is a VF1000RE.

RE is 84? We never got that version in the States. But I don’t remember seeing clips or tape in that area on my 85 or 86 1000Rs, or 84 VF1000F

This is some “repair”. I have no idea but the holes in the black plastic cover look also strange. It is nothing original. Maybe someone followed this flow chart: