Renewable energy company Vena Energy is set to develop Php 115 billion worth of renewable energy projects in the Philippines, supporting the government’s efforts to expand clean power generation and strengthen the country’s energy security.
President Ferdinand Marcos Jr. witnessed the presentation of the company’s renewable energy project portfolio, which has a combined capacity of 1,824 megawatts (MW), according to information released Monday, October 12, 2026.
The planned investments are expected to contribute to the country’s growing demand for electricity while supporting the transition toward cleaner and more sustainable energy sources.
The projects are also expected to help diversify the country’s energy mix and reduce dependence on conventional power generation.
The investment initiative reflects continued private-sector interest in the Philippine renewable energy industry as the government seeks to attract more investments in sustainable infrastructure.
The Marcos administration has been promoting renewable energy development as part of its strategy to ensure a stable, reliable, and affordable electricity supply while addressing long-term energy security challenges.
Further details on the specific project locations, construction schedules, and implementation timelines were not provided in the announcement.
