The United Kingdom emerged as a major backer of the Philippines’ renewable energy sector last year, channeling a record USD 764 million in net foreign direct investments (FDI), according to the Department of Trade and Industry (DTI).

Manila Times reports that of that total, USD 612.5 million went directly into solar projects. These include Actis’s USD 600 million Terra Solar project, one of the country’s largest renewable ventures, and Citicore’s EUR 9.8 million rooftop solar facility in Batangas.

The figures were reported during the British Chamber of Commerce Philippines’ (BCCP) 2025 Midyear Economic Briefing at Dusit Thani Manila. The event was held in partnership with AppleOne Group, HSBC, SGV & Co., Pru Life UK, and Shang Properties.

Manila and London have unlocked USD 6.3 billion in UK Export Finance to drive Philippine infrastructure, digitalization, and renewable energy projects. The UK Investment Partnerships program was also cited as a key channel for mobilizing capital into green infrastructure.

British Embassy Deputy Head of Mission Mike Welch underscored the urgency of accelerating climate action, calling climate change “the greatest existential threat.” He added the UK is on track to become a clean energy superpower by 2030, investing heavily in wind, solar, hydrogen, and nuclear.

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