Masdar Plans Php 600 Million Investment in Solar and Wind Projects in the Philippines

United Arab Emirates-based renewable energy firm Masdar is eyeing an investment of Php 600 million in the Philippines, as reported by the Department of Trade and Industry (DTI).

Acting Trade Secretary Cristina Roque revealed that she recently met with Masdar representatives, who conveyed a strong interest in developing projects within the country.

Masdar plans to allocate at least Php 600 million towards solar and wind energy initiatives throughout the Philippines. “They require a minimum of 50 hectares, which could extend to 500 hectares, and are eager to begin these projects immediately,” Roque noted.

Founded by the UAE government in 2006, Masdar aims to leverage the UAE’s expertise in the global energy market and views Southeast Asia as a critical area for future investments.

In addition, DP World, a logistics company, is seeking to establish partnerships with local organizations, particularly in the realm of port development.

Roque indicated that DP World is prepared to invest up to Php 25 billion in port infrastructure projects in the Philippines, marking this as their maximum proposed investment.

Earlier this year, DP World joined forces with Asian Terminals Inc. to inaugurate the Tanza Barge Terminal in Cavite, designed to enhance cargo transport efficiency between the province and the capital region.