Philippines & Singapore Deepen Green Energy Ties
Joint Efforts Aim to Boost Renewable Investment and Regional Power Grid
Manila and Singapore are strengthening their collaboration on clean energy initiatives, with a focus on expanding renewable energy sources and improving regional power connectivity. The partnership comes as Southeast Asia increasingly looks to sustainable energy solutions to meet growing demand.
Investment Push for Renewables
During a state visit to Manila on June 4-5, 2025, Singapore Prime Minister Lawrence Wong and Philippine President Ferdinand R. Marcos Jr. discussed increasing Singaporean investment in the Philippines’ renewable energy sector. President Marcos emphasized the Philippines’ welcoming stance towards foreign capital, particularly in solar, wind, and other green technologies.
“Singapore is a key partner in our broader effort to diversify energy sources and meet our climate commitments,”
—President Marcos, President of the Philippines
Prime Minister Wong responded by reaffirming the strong interest of Singaporean companies in Philippine renewable energy projects. He indicated that these investments would not only support the Philippines’ energy transition but also bolster the overall economic relationship between the two nations.
ASEAN Power Grid and Carbon Markets
Both leaders highlighted the importance of accelerating regional energy integration through the ASEAN Power Grid initiative. This framework aims to facilitate cross-border electricity trade and enhance energy security across Southeast Asia. They pledged increased support for the initiative, recognizing its potential to create a more sustainable and resilient energy landscape.
Negotiations are also being expedited for a bilateral implementing agreement under Article 6.2 of the Paris Agreement. This agreement would establish a framework for carbon market mechanisms and emissions reduction strategies, enabling structured climate finance and emissions offsets between the Philippines and Singapore. According to the International Renewable Energy Agency (IRENA), global investment in renewable energy reached $1.3 trillion in 2023, demonstrating the growing momentum behind the energy transition. (IRENA, 2024)
Strategic Positioning for Green Growth
The discussions reflect the Marcos administration’s commitment to building a diversified and sustainable energy portfolio. As global interest in Southeast Asia’s green energy markets expands, the Philippines is positioning itself as a prime destination for climate-smart investments, with Singapore expected to play a crucial role in this development.
This strengthened partnership signals a proactive approach to addressing climate change and fostering sustainable economic growth in the region.
