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THE British Chamber of Commerce Philippines (BCCP) hosted its 2025 Midyear Economic Briefing at Dusit Thani Manila, in partnership with AppleOne Group, HSBC, SGV & Co., Pru Life UK, and Shang Properties, highlighting stronger UK-Philippines collaboration on renewable energy and investments.
Department of Trade and Industry (DTI) Undersecretary Atty. Allan Gepty reported that UK net FDI to the Philippines reached USD 764 million in 2024 — the highest on record — with USD 612.5M in solar alone, including Actis’s USD 600M Terra Solar project and Citicore’s EUR 9.8M Batangas plant.
INVESTMENT REPORT DTI Undersecretary Atty. Allan Gepty at the BCCP 2025 Midyear Economic Briefing. PHOTO FROM BCCP
Through the Joint Economic and Trade Committee, both countries secured access to USD 6.3B via UK Export Finance for infrastructure, renewable energy, and digital projects, while the UK Investment Partnerships program channels capital into green infrastructure.
British Embassy Deputy Head of Mission Mike Welch called climate change “the greatest existential threat,” noting the UK’s commitment to becoming a clean energy superpower by 2030 through wind, solar, hydrogen, and nuclear. He praised the Philippines’ plan to generate up to 50 GW from offshore wind by 2050, with UK support.
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BCCP Executive Vice Chair Chris Nelson stressed renewable energy’s role in sustaining 6 percent GDP growth and cited investment opportunities in electronics, semiconductors, pharmaceuticals, renewable energy, and IT services.
