The Private Infrastructure Development Group (PIDG), a UK-backed infrastructure development and finance organisation, has officially announced its first project in the Philippines.
This landmark investment marks a significant step forward for the newly relaunched UK–Philippines Green Infrastructure Programme Plus (GIP+), underscoring a shared commitment to sustainable growth and climate-aligned infrastructure.
The investment, delivered through a USD 30 million loan from the Emerging Africa & Asia Infrastructure Fund (EAAIF)—part of the PIDG—supports a critical wind and battery storage project in Oriental Mindoro. The financing facilitates Verdant Energy’s acquisition of a stake in Philippines Hybrid Energy Systems Inc. (PHESI), a pioneering hybrid renewable energy facility.
By combining wind power with advanced battery storage, the project addresses the unique energy challenges faced by island and off-grid communities. It provides a blueprint for cleaner, more reliable power delivery, reducing dependence on fossil fuels while strengthening local energy security.
“This milestone demonstrates the tangible impact of the UK–Philippines Green Infrastructure Programme Plus,” said a spokesperson for the initiative. “By leveraging UK expertise and financing through instruments like PIDG, we are not just investing in power plants; we are investing in the long-term sustainable growth of the Philippines and its transition to a net-zero future.”
The GIP+ serves as a strategic framework to mobilise climate-aligned investment across the Philippines. This first PIDG project serves as a “proof of concept” for how international development finance can de-risk renewable energy projects, making them more attractive to private investors and accelerating the national clean-energy transition.
The project highlights several key pillars of the UK-PH partnership:
- Climate Action: Direct support for the Philippines’ renewable energy targets.
- Innovation: Utilizing hybrid wind-and-storage technology to stabilize off-grid power.
- Economic Resilience: Supporting local infrastructure that powers businesses and homes with sustainable energy.
