President Ferdinand R. Marcos Jr. has urged Singaporean companies to increase their investments in the Philippines’ renewable energy sector, as both nations reaffirmed their commitment to deepen cooperation in clean energy, regional power connectivity, and climate policy.

The call was made during the official visit of Singapore Prime Minister Lawrence Wong to Manila from June 4 to 5, 2025, which is his first visit to the country since assuming office. In bilateral discussions held at Malacañang, President Marcos highlighted the Philippines’ openness to foreign investments, especially in priority sectors such as solar, wind, and other renewable energy technologies.

“Singapore is a key partner in our broader effort to diversify energy sources and meet our climate commitments,” President Marcos said during the meeting, as relayed by the Presidential Communications Office.

In response, Prime Minister Wong reaffirmed the strong interest of Singaporean firms in Philippine renewable energy projects. He noted that ongoing and future investments by Singapore-based developers would not only support the Philippines’ energy transition goals but also strengthen the broader economic relationship between the two countries.

Both leaders emphasized the importance of accelerating regional energy integration, particularly through the ASEAN Power Grid initiative, which is a multilateral framework designed to enable cross-border electricity trade and improve energy security across Southeast Asia. They agreed to increase support for this initiative, recognizing its potential to enhance sustainability and resilience in the energy landscape.

Another key agenda item was the fast-tracking of negotiations for a bilateral implementing agreement under Article 6.2 of the Paris Agreement. This provision enables countries to cooperate on carbon market mechanisms and emissions reduction strategies through international transfers of carbon credits. The agreement is expected to pave the way for structured climate finance and emissions offset mechanisms between the Philippines and Singapore.

The discussions reflect the Marcos administration’s continued focus on building a sustainable and diversified energy portfolio while leveraging international partnerships. As global interest in Southeast Asia’s green energy markets grows, the Philippines is positioning itself as a destination for climate-smart investments along with Singapore, which is expected to play a critical role.

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Photo Credit: Presidential Communications Office Website