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UK Firms Eye Philippines for Major Offshore Wind Investments

9/22/2025

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Story summary
  • UK renewable energy firms are targeting the Philippines for offshore wind investments, as stated by the British Embassy in Manila.
  • The Philippines shows potential for diverse renewable energy projects, including nuclear energy.
  • The government is enhancing renewable energy capacity and has enacted reforms to attract investments.
  • The Green Lane Program has certified 216 projects valued at P5.93 trillion, primarily in renewable energy.
  • Renewable energy projects accounted for 77% of approved projects and 85.6% of total costs, with foreign investments reaching P1.67 trillion.