Actis Invests $600M in Philippine Solar-Storage Project

• Actis invests $600M in Terra Solar, boosting Philippines' renewable energy with gigawatt-scale solar and storage, advancing Southeast Asia's clean energy leadership.

UK investment firm Actis has completed a USD 600 million investment in Terra Solar Philippines Inc, securing an equity stake in a large-scale solar and energy storage project. This significant financial commitment underscores Actis's strategic focus on renewable energy investments in Southeast Asia.

The project, developed by Terra Solar, aims to enhance the Philippines' renewable energy capacity, contributing to the country's energy transition goals. The investment will support the construction and operation of gigawatt-scale solar power facilities integrated with energy storage solutions, positioning the Philippines as a key player in the region's clean energy landscape.

How will Actis's investment impact the Philippines' renewable energy landscape?

• Accelerate the Philippines' transition to renewable energy by increasing solar power capacity.
• Enhance energy security and reduce reliance on fossil fuels by integrating large-scale energy storage solutions.
• Create job opportunities in the renewable energy sector, boosting local economies.
  
• Position the Philippines as a leader in Southeast Asia's clean energy market.
  
• Encourage further foreign investment in the country's renewable energy projects.
• Support the Philippines' commitment to international climate goals and carbon reduction targets.
• Foster technological innovation and development in solar and energy storage systems.
• Improve grid stability and reliability through advanced energy management solutions.