I Squared Capital eyes additional $1B investment for PH infra projects

Global infrastructure investor I Squared Capital shared plans to invest an additional $1 billion in critical projects for the Philippines, the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said over the weekend.

According to the OSAPIEA, I Squared committed to advance projects across energy transition, transport and logistics, and digital infrastructure, following the investment of over $1 billion in project enterprise value in the Philippines.

“These investments will improve lives — from powering homes and businesses with renewables, to ensuring safer food through modern cold storage, and connecting people and enterprises in the digital age,” Special Assistant to the President Frederick Go said in a statement.

Among the planned investments is doubling the $200-million investment in modular power under Aggreko Philippines, and an additional $350 million in HEXA Renewables which is developing a 1.5-gigawatt pipeline of utility-scale renewables, including a 280-megawatt solar project in Tuy, Batangas.

This also includes the installation of rooftop solar solutions through Berde Renewables, the increase in storage capacity of Royale Cold Storage, additional support for the Philippine Coastal Storage & Pipeline Corp., deploying over 1,500 kilometers of terrestrial fiber under HGC, and building enterprise-grade data centers under BDx.

“We are proud to partner with the Philippines on its infrastructure transformation. Our investments are delivering energy security, food resilience, and digital connectivity — building the foundation for inclusive economic growth and long-term prosperity,” I Squared chairman and managing partner Sadek Wahba was quoted as saying.

The announcement comes after a high-level meeting with President Ferdinand “Bongbong” Marcos Jr. in Washington, D.C. last week. — RF, GMA Integrated News