Clean energy is becoming a key sector in the UAE’s growth story. The GCC country’s recent partnership with the Philippines to develop solar, wind, and battery energy storage systems, aiming to provide up to 1 gigawatt of clean power by 2030, highlights this significant phase of development.

Masdar, the UAE-owned energy firm, has signed a $15 billion renewable energy deal with the Philippines to reduce its reliance on fossil fuels and expand its clean energy portfolio. In a joint statement, Philippine Energy Secretary Raphael Lotilla described the agreement as a “transformative step” in the country’s renewable energy journey.

The energy department announced that the project will be scaled up to 10 GW by 2035. This partnership aligns with the Philippines’ goal of reducing its reliance on fossil fuels to 35% by 2035 and 50% by 2040. To drive innovation and attract investment, the Philippines has encouraged foreign ownership in its emerging clean energy sector.

To accelerate development, the energy department announced plans to auction 300 MW of impounding hydro, 4,250 MW of pumped storage hydro, and 100 MW of geothermal energy projects next month as part of its green energy auction program.