PRESS RELEASE : UK is developing Solar Energy and Wind Farms in the Philippines [November 2024]
The press release issued by the Foreign Office on 27 November 2024.
The UK is investing in the largest solar energy project in the Philippines and is developing four new wind farms across the country.
The British Embassy in Manila is delighted to celebrate two major milestones in UK-Philippines renewable energy collaboration.
Over two consecutive events, the Embassy underscored the United Kingdom’s commitment to driving sustainable energy solutions in the Philippines and supporting its transition to cleaner, greener power sources.
On November 20, the Embassy hosted a celebratory dinner reception to highlight the partnership between Citicore Renewable Energy Corporation and Actis, a UK-based infrastructure investment company through its Southeast Asia renewable energy platform.
This dynamic collaboration involves the development of four new wind farms across Luzon and Visayas, with a total capacity of 380 megawatts.
Backed by an equity investment of $150 million, this partnership marks a significant step forward in expanding the Philippines’ renewable energy capacity. The projects, which secured offtake agreements through the Department of Energy’s Green Energy Auction Program (GEAP), exemplify the potential of partnerships to advance clean energy initiatives.
The following day, on November 21, Actis celebrated the groundbreaking of the Terra Solar Project in Nueva Ecija, which is set to become the largest solar energy project in the Philippines. This project, developed by Solar Philippines New Energy Corporation, is supported by Actis’ monumental USD 600 million equity investment.
The Terra Solar Project will provide affordable, reliable, and sustainable power to millions of Filipinos, reinforcing the UK’s role as a key partner in the Philippines’ renewable energy transition. The groundbreaking ceremony highlighted Actis’ long-term commitment to sustainable infrastructure and clean energy in the Philippines.
His Majesty’s Ambassador to the Philippines, Laure Beaufils, said: > The United Kingdom is proud to be a partner in the Philippines’ renewable energy journey. These investments reflect our shared vision for a sustainable future and underscore the strong ties between our two nations. Projects like these not only provide clean energy to millions but also create opportunities for innovation and progress in the fight against climate change.”
Both events demonstrated the transformative impact of UK-Philippines partnerships in renewable energy. The Embassy also celebrated Citicore’s achievement in securing $12 million in UK investment through its IPO, further solidifying the UK’s support for the Philippines’ clean energy ambitions.
Together, these initiatives symbolize the shared commitment of the UK and the Philippines to innovation, sustainability, and a greener future for all.
