Masdar expands into the Philippines renewable energy market

Masdar, a UAE-based clean energy company, has entered the renewable energy market in the Philippines, signing agreements to develop up to 1 gigawatt (GW) of clean energy projects by 2030. Masdar has signed an Implementation Agreement with the Philippines Department of Energy and a Memorandum of Understanding (MoU) with the Board of Investments of the Republic of the Philippines to develop solar, wind, and battery energy storage systems (BESS) as part of these projects.

The signing ceremony took place during Abu Dhabi Sustainability Week 2025 and was attended by Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Raphael P.M. Lotilla, Philippines Secretary of Energy. The Implementation Agreement was signed by Dr. Rowena Cristina L. Guevara from the Philippines Department of Energy and Masdar CEO Mohamed Jameel Al Ramahi. The Memorandum of Understanding (MoU) was exchanged between Philippines Ambassador Alfonso Ferdinand A. Ver and Masdar CEO.

The project aims to support the Philippines’ National Renewable Energy Program, which targets 35% renewable energy in power generation by 2030 and 50% by 2040. This initiative builds on an earlier Energy Transition Cooperation agreement signed in 2024 during Philippine President Ferdinand Marcos Jr.’s visit to the UAE.

Masdar Chairman Dr. Sultan Al Jaber said, “This partnership marks a new chapter in the longstanding relationship between the UAE and the Philippines. By leveraging the UAE’s world-class expertise in renewable energy and the Philippines’ abundant natural resources, this agreement will create jobs, drive low-carbon socio-economic progress and expand global renewable energy capacity in line with the UAE Consensus.”

Raphael P. M. Lotilla, Secretary of Energy at the Philippines Department of Energy, commented, “Building on the longstanding ties between our nations and the recent Energy Transition Cooperation agreement, we welcome Masdar’s proven leadership and expertise in delivering utility-scale renewable energy solutions. This collaboration will significantly advance our goal of achieving 35 percent renewable energy in power generation by 2030.”

Philippines Trade and Industry Undersecretary Ceferino S. Rodolfo noted, “It is inspiring to witness the strengthening of the bilateral relations between our countries, following the visit of Philippine President Ferdinand R. Marcos to UAE last year and a series of reciprocal ministerial missions thereafter.” He also added, “Masdar’s own planned renewables projects will contribute to accelerating sustainable economic growth in the different regions in the Philippines, and will especially complement our infrastructure development initiatives within the Luzon Economic Corridor (LEC) — Subic Bay, Clark, Manila, and Batangas — which is being developed as an economic hub for commerce, industry, and logistics. The Department of Trade and Industry, through the Board of Investments, will be Masdar’s staunch partner. Together with Masdar, we give our unwavering commitment to fostering a greener and more resilient future for the Philippines.”

Masdar CEO Mohamed Jameel Al Ramahi said, “We welcome this announcement as a significant expansion of Masdar’s activities in Southeast Asia, a key strategic market in our ongoing efforts to achieve a renewable energy capacity of 100GW by 2030. With our proven success in implementing large-scale renewable energy projects in the region and worldwide, we look forward to utilizing our expertise and experience to support the Philippines in meeting its ambitious renewable energy goals.”

This entry into the Philippine market expands Masdar’s presence in Southeast Asia, following projects such as Indonesia’s 145 MW Cirata Floating Solar PV plant and invested in Pertamina Geothermal Energy in February 2023. Additionally, it signed an agreement with the Malaysian Investment Development Authority in 2023 to develop 10 GW of clean energy projects in Malaysia.

Masdar has been involved in renewable energy projects in over 40 countries and aims to expand its capacity to 100GW and produce 1 million tonnes of green hydrogen annually by 2030, according to the company’s statement.

Also read: UAE launches 24/7 solar PV and battery storage project in Abu Dhabi