Masdar, the United Arab Emirates' clean energy provider, has announced its entry into the Philippines renewables market, with agreements to develop 1GW of clean energy projects.

Emirati state-owned developer Masdar has entered the Philippines market with plans to develop 1GW of solar PV, wind and BESS.

United Arab Emirates state energy firm Masdar has signed a $15 billion renewable energy deal with the Philippines to develop solar, wind and battery energy storage systems, providing it with up to 1 gigawatt of clean power by 2030.

Emirati state-owned company Masdar has formalized its investment plans worth USD15 billion in the Philippines’ renewable energy (RE) sector by signing an Implementation Agreement with the Department of Energy (DOE).

This makes the company on track to its 100 GW goal by 2030. Masdar has reported a total renewable energy capacity of 51 gigawatts (GW) by the end of 2024, a 150% increase from 20 GW in 2022. In a statement,

UAE state-owned renewable energy firm Masdar announced on Tuesday plans to create a new solar and battery energy facility that will deliver 1 gigawatt of uninterrupted clean power and is expected to cost around $6 billion.

Abu Dhabi clean energy company Masdar has signed agreements to develop renewable energy projects with a capacity of 1 gigawatts in the Philippines, marking its entry into the South-East Asian country.