The Board of Investments (BOI) on Friday said it signed a memorandum of understanding (MOU) with UAE-based renewable energy company Masdar. The agreement was seen to make Masdar’s partnership with the Philippine government stronger amid the firm’s $15 billion expansion plan in the country. The BOI said that under the MOU, it has committed to

Inquirer

Manila

Metro Manila

Philippines

BOI, UAE’s Masdar forge MOU on investment facilitation

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The Board of Investments (BOI) will assist UAE-based renewable energy (RE) firm Masdar in implementing its plans to develop solar and wind energy projects in the Philippines with a capacity totaling up to 1 gigawatt (GW) by 2030. The investment promotion agency attached to the Department of Trade and Industry…

BusinessMirror

Pact marks formal entry of UAE’s Masdar into PHL | Andrea E. San Juan

The clean energy project is expected to deliver up to 1 gigawatt of clean energy by 2030 The post UAE’s Masdar forays into Philippines with $15bn clean energy project appeared first on Gulf Business.

Gulf Business

Masdar enters Philippines with $15bn clean energy project

The NewsGulf countries may be best known for exporting oil and gas, but these days their expertise in developing huge renewable energy projects is also in high demand. A case in point: Abu Dhabi’s renewables giant Masdar has signed a $15 billion deal to develop up to 1 gigawatts of clean energy in the Philippines between now and 2030. The deal covers solar and wind power plants, as well as battery energy storage systems (BESS) to ensure that ele…

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Semafor

Justin B. Smith, Ben Smith

New York

United States

UAE energy giant Masdar plans renewable projects in Philippines and Europe

Saudi renewables major Acwa Power has struck joint ventures with Chinese companies to launch two renewable energy projects worth $312 million in China. The company, which trades on the Saudi Exchange (Tadawul), started due diligence on up to eight projects in China, CEO Marco Arcelli said last May. Acwa Power will develop a 132-megawatt (MW) solar photovoltaic (PV) portfolio in Guangdong province in collaboration with Sungrow Renewables. The pro…

AGBI

Acwa Power joins China's renewable energy surge

UAE’s Masdar partners with Philippines on $15 billion renewable energy project
	
		
			
				
				January 17, 2025			 Posted by:				Quatro Strategies Categories:				Asia Pacific, ESG & Renewable Energy, Middle East 
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UAE’s Masdar partners with Philippines on $15 billion renewable energy project

Emirati state-owned renewable energy project developer Masdar has entered the Philippines market with plans to develop 1GW of solar PV, wind and battery energy storage systems (BESS).

PV Tech

Masdar enters the Philippines eyeing 1GW of renewable energy projects by 2030

Masdar enters the Philippines market with agreements to develop up to 1GW of renewable energy projects by 2030, supporting the country's 35% renewable energy target. Signed during Abu Dhabi Sustainability Week 2025, this partnership strengthens UAE-Philippines ties, advancing energy security, low-carbon growth, and Masdar’s Southeast Asia expansion toward its 100GW global clean energy target by 2030.

solarquarter.com

Masdar Enters Philippines Renewables Market

UAE’s Masdar has announced an investment of approximately $15 billion in renewable energy projects in the Philippines, signifying a major expansion into Southeast Asia’s clean energy market. This initiative aims to develop up to one gigawatt (GW) of solar, wind, and battery energy storage systems in the Philippines by 2030, with plans to scale up …

The Filipino Times

UAE's Masdar to invest $15 billion in Philippine renewable energy projects

Masdar to develop up to 1-GW renewable energy projects in the Philippines by 2030 The Philippines has secured a $15-billion investment from UAE-based renewable energy leader Masdar (Abu Dhabi Future Energy Company PJSC – Masdar), it was announced recently. The deal calls for the development of up to 1-gigawatt (GW) of renewable energy projects by 2030 involving solar, wind and grid-scale batteries. Implementation agreement The landmark Implement…

BOI, UAE’s Masdar forge MOU on investment facilitation

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