UAE’s Renewable Energy Giant Enters Philippines with $15-Billion Deal

OilPrice · Charles Kennedy · last updated January 16, 2025 – 6:57 AM

Masdar, the clean energy giant of the United Arab Emirates (UAE), is entering the Philippines with a deal worth $15 billion in total investments to develop up to 1 gigawatt (GW) of solar, wind, and battery energy storage systems (BESS) by 2030. Masdar will aim to scale this capacity to up to 10 GW within a decade, with an estimated total investment of US$15 billion, the Philippines Department of Energy said on Thursday. The agreement will support the Philippines Energy Transition Program to achieve 35% renewable energy in power generation…

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