The Board of Investments (BOI) said the Philippines is ready to become manufacturing hub for e-battery projects citing its strong policy support, competitive incentives, and a robust commitment to clean and innovative industries.
BOI Executive Director Evariste M. Cagatan said at The Battery Show Asia (TBSA): Battery and E-Mobility Investment Summit held at AsiaWorld-Expo from July 15 to 17, 2025 that the Philippines is a strategic location for green technologies.
Echoing the country’s vision to become a hub for sustainable and future-ready manufacturing, the BOI highlighted investment opportunities across the entire clean energy value chain—including renewable energy (RE), battery energy storage systems (BESS), electric vehicles (EVs), and next-generation manufacturing. Through an engaging investment booth and high-level presentation, the BOI showcased the Philippines as a future-ready economy with strong policy support, competitive incentives, and a robust commitment to clean and innovative industries.
She emphasized the critical role of batteries in realizing the country’s full potential in achieving its sustainability goals. She pointed to the Philippine government’s proactive efforts to streamline permitting for energy projects and noted key advantages under the Renewable Energy Act and the CREATE Law.
She also explained how the agency is aligning its initiatives with the national energy transition targets, aiming to increase the share of renewables in the power generation mix to 35 percent by 2030 and 50 percent by 2040.
“The Board of Investments plays a key role in stimulating industrial growth, attracting impactful and responsible investments, and enhancing productivity, allowing flexibility and innovation in meeting policy and economic goals,” said Cagatan.
The Summit brought together over 15,000 key players and stakeholders in the battery, energy storage, and e-mobility sectors from across Asia, the Americas, Europe, the Middle East, and Australia. The BOI’s participation reinforced the Philippines’ position as an emerging innovation hub amid the region’s accelerating demand for clean energy and advanced technologies.
In 2024, the power sector, led by RE investments, topped the list of BOI-approved projects, contributing a record-breaking PHP1.38 trillion out of the agency’s PHP1.62 trillion total investments. This performance reflects growing investor confidence in the country’s green development trajectory.
Among the notable milestones was the successful operationalization of the Philippines’ first lithium-iron-phosphate (LFP) battery manufacturing facility in Tarlac, which commenced commercial operations in 2024. With an initial production capacity of 300 MWh and planned expansion up to 2 GWh annually, the plant supplies energy storage solutions for residential, industrial, and utility-scale applications, including exports.
The event also served as a platform for forging strategic alliances with industry leaders, technology developers, and financiers, further strengthening the Philippines’ role in the global clean energy value chain.
As Asia continues to lead the charge in clean energy and e-mobility innovations, the BOI remains committed to promoting the Philippines as a dynamic investment destination for green and smart investments in Southeast Asia.
