British Chamber boosts drive towards PH green investments

THE British Chamber of Commerce Philippines (BCCP) will host Trade and Connect: Navigating the Future – Unlocking Sustainable and Green Investment Opportunities on Feb. 27, 2025, at Flat Planet Workspace from 4:00 p.m. to 6:00 p.m. Supported by KPMG, Flat Planet Workspace, and The Manila Times, this event will bring together industry leaders, government officials, and private sector representatives to ex-plore the country's accelerating green investments.

SUSTAINABLE GREEN FUTURE To join the event, register at https://britcham.org.ph/events/trade-connect. IMAGE FROM BCCP

Recent policy reforms have driven major renewable energy projects. The Board of Investments (BOI) has fast-tracked approvals for Upgrade Energy Philippines Inc.'s P2.11-billion Cabangan Solar Project in Zambales (56.77 MW) and P1.51-billion Pontevedra Solar Project in Capiz (47 MW), creating 331 jobs. BOI's One Stop Action Center has already approved 184 projects worth P4.61 trillion, including 114 renewable energy initiatives.

Foreign investment interest continues to rise. In September 2024, UK-based Actis invested $600 million for a 40 percent stake in the Terra Solar project, set to become the world's largest integrated renewable energy and storage facility. Executive orders and legislative reforms aim to triple renewable capacity by 2030.

Chris Nelson, BCCP executive chairman, highlights UK investment growth in infrastructure and energy. Representatives from the Department of Energy and the Department of Finance will discuss policies and incentives driving sustainable projects.