Renewable Energy Agreements Signed with Philippines at Abu Dhabi Sustainability Week 2025
Philippine Ambassador to the UAE Alfonso Ver (2nd from left) with DOE Undersecretary Rowena Cristina L. Guevara (3rd from left), DTI Undersecretary and BOI Managing Head Ceferino S. Rodolfo (4th from left), and Masdar CEO Mohamed Jameel Al Ramahi (4th from right) at the agreement signing. (Abu Dhabi PE photo)
ABU DHABI 17 January 2025 — The Philippines highlighted its participation in the Abu Dhabi Sustainability Week (ADSW) 2025 held from 12 to 18 January 2025 with the signing of two landmark agreements on 15 January 2025, furthering renewable energy projects in the Philippines with a target capacity of up to 10 gigawatts and investments of up to USD 15 billion.
The two agreements signed by the Philippines Department of Energy (DOE) and by the Board of Investments (BOI) with Abu Dhabi’s Masdar will facilitate renewable energy projects in the Philippines using solar (ground mounted, rooftop, floating), wind (onshore and offshore) and battery storage systems.
Philippine Ambassador to the UAE Alfonso A. Ver welcomed the signing of the two agreements and highlighted it as a milestone in the growing bilateral relations between the Philippines and the UAE.
“The agreements signed today with Masdar stand as a testament to the strong relations of the Philippines with the UAE and will contribute to the Philippines advancing its renewable energy agenda,” Ambassador Ver said. “We look forward to the partnership with the UAE in renewable energy initiatives as it will push sustainable development and will have significant economic impacts,” he added.
The Implementation Agreement between the DOE and Masdar was signed by DOE Undersecretary Rowena Cristina L. Guevara and Masdar Chief Executive Officer (CEO) Mohamed Jameel Al Ramahi. The agreement sets the stage for developing up to one gigawatt (GW) of solar, wind and battery energy storage systems (BESS) across various regions in the Philippines by 2030, aiming to scale up to 10 GW within a decade, with an estimated total investment of USD 15 billion. The Agreement operationalizes the Memorandum of Understanding (MOU) on Energy Transition Cooperation signed between the Philippines and the UAE in November 2024, during the visit of President Ferdinand R. Marcos Jr. to the UAE.
Another agreement signed at the ADSW 2025 is the MOU between the Philippines' BOI and the UAE’s Masdar on collaboration on potential areas for investments. The MOU was signed by Philippine Department of Trade and Industry Undersecretary and BOI Managing Head Ceferino S. Rodolfo and Masdar’s CEO Al Ramahi. The MOU will pave the way for discussion on potential areas of collaboration for Masdar to invest in renewable energy projects in the Philippines.
Philippine Energy Secretary Raphael P.M. Lotilla, who led the Philippine delegation to the ADSW 2025, witnessed the signing of the agreements with Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Ambassador Ver.
The agreements mark UAE’s Masdar entry into the renewable sector in the Philippines. Southeast Asia is a key investment destination for Masdar. The company has developed the region’s largest floating solar facility in Indonesia, the 145 MW Cirata Floating Solar PV Plant, which generates enough electricity to power 50,000 homes. In February 2023, it entered the geothermal energy sector through a strategic investment in Pertamina Geothermal Energy. Masdar also signed a landmark agreement with the Malaysian Investment Development Authority in 2023 for the development of 10 GW of clean energy projects across the country.
The ADSW is a leading global platform supported by the UAE to discuss initiatives, facilitate knowledge sharing and collective action for sustainable development. This year’s edition will convene 13 heads of state and over 140 ministers and government officials alongside business and technology leaders. END
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