US-based infrastructure investor I Squared Capital is planning to invest an additional $1 billion in the Philippines, targeting key sectors such as renewable energy, logistics and digital connectivity, a palace investment adviser said.
The Office of the Special Assistant to the President on Economic and Investment Affairs (OSAPIEA) made the announcement after I Squared executives, in a meeting with President Ferdinand Marcos Jr., committed to expand its footprint in the country.
The planned investments would come on top of I Squared’s current project portfolio, which already totals $1 billion in enterprise value.
I Squared is advancing seven strategic infrastructure projects in the Philippines, including recent investments through Aggreko Philippines, which has deployed $200 million in modular power to support grid stability and electrification.
The platform currently delivers 320 megawatts of capacity and services 19 million people in the Visayas. Aggreko plans to double its investment in the near term.
The firm is also backing utility-scale renewable energy projects through HEXA Renewables, including a 280-megawatt solar development in Tuy, Batangas, with an additional $350 million in investments targeted by 2027.
It also supports Berde Renewables, which provides rooftop solar solutions to commercial and industrial users.
I Squared’s portfolio includes Royale Cold Storage, where expansion plans are underway to increase storage capacity beyond the current 100,000 pallet positions.
The group is also invested in the Philippine Coastal Storage & Pipeline Corporation, operator of the country’s largest independent fuel terminal. This platform is slated for further expansion to support fuel security, with the original investment valued at up to $510 million.
In digital infrastructure, I Squared is investing in telecom firm HGC, which is rolling out over 1,500 kilometers of terrestrial fiber to connect underserved areas.
It also supports BDx, a developer of enterprise-grade data centers designed to meet growing demand for digital transformation and cybersecurity.
I Squared Capital, headquartered in Miami, USA, manages $45 billion in assets across more than 90 companies in more than 70 countries.
OSAPIEA Secretary Frederick Go described the firm’s continued interest as a signal of global confidence in the country’s infrastructure push.
