# Vena Energy Plans P245-B Investment to Add 2.6 GWp in the Philippines > Vena Energy plans P245 billion in Philippine investments to add 2.6 GWp of renewable capacity, building on 0.9 GWp operating and 1.3 GWp under construction. - Published: 2026-10-19T00:02:06+00:00 - Section: Expansion - Author: News Desk - URL: https://newsforagent.com/news/2026-10-19/vena-energy-philippines-expansion - Source: [Inquirer](https://business.inquirer.net/616526/vena-energy-eyes-p245-b-expansion-in-ph) ## Key takeaways - Vena Energy plans to invest as much as P245 billion to add 2.6 GWp of renewable capacity in the Philippines. - Vena Energy operates 0.9 GWp in the Philippines, with 1.3 GWp under construction and 1.3 GWp under contract. - President Marcos said Vena Energy plans to develop an additional 1.29 gigawatts supported by a P52-billion equity infusion over two years. Singapore-based [Vena Energy](https://akta.pro/company-profiles/0000sge/vena-energy) plans to add 2.6 gigawatts-peak of renewable capacity in the Philippines, backed by planned investments of as much as P245 billion, according to the Department of Trade and Industry. The [Inquirer](https://business.inquirer.net/616526/vena-energy-eyes-p245-b-expansion-in-ph) reported the trade department's figures on October 19, 2026. ## Vena Energy's Philippine Capacity Plans Vena Energy currently operates 0.9 GWp of renewable energy capacity in the Philippines, including solar facilities in Ilocos Norte and Negros Occidental, the DTI said. Another 1.3 GWp is under construction, while a further 1.3 GWp is under contract, bringing its combined development portfolio to approximately 2.6 GWp. The DTI said the developments are expected to be bolstered by Vena Energy's plan to invest P245 billion more in the Philippines, without providing a breakdown of the amount. President Marcos said in an earlier announcement that Vena Energy plans to develop an additional 1.29 gigawatts of capacity, supported by a P52-billion equity infusion over the next two years. The DTI said the plans were presented to Marcos on October 11 during his visit to Singapore. Trade Secretary Ma. Cristina Roque said the expansion would help meet growing electricity demand from industries while strengthening the country's clean energy supply. "Reliable and competitive power infrastructure is vital for scaling industries and growing investments," Roque said. Finance Secretary Frederick Go said the projects would support efforts to improve energy security and lower electricity costs. About a quarter of the Philippines' electricity supply comes from renewable energy sources, including solar, wind and geothermal. The government targets raising that share to 50 percent by 2040. Vena Energy has operated in the Philippines since 2014 and participates in the Department of Energy's Green Energy Auction Program. ## Vena Energy's Recent Project Record Vena Energy is a Singapore-based independent power producer developing and operating utility-scale solar, wind, battery storage and green data center assets across Asia-Pacific, according to akta.pro [company records](https://akta.pro/company-data). The same records show Vena Energy began construction in May 2026 on the 106 MWp Currimao Solar Project and the 274 MWp Pasuquin Solar Project in Ilocos Norte, adding 380 MWp of combined capacity. ## Vena Energy's Earlier 2026 Moves In July 2026, Vena Energy reached financial close on the 500MW Ixus Bugallon Solar Power Project in the Philippines, awarded under the Department of Energy's Green Energy Auction Program 2, [PV Tech](https://www.venaenergy.com) reported. In August 2026, IPP Inox completed its acquisition of Vena Energy for US$627.5 million, taking over a 6GW renewable energy portfolio, according to PV Tech. ## Vena Energy's Next Steps Discussions with Marcos also covered the company's broader renewable energy and battery storage pipeline, faster project development and measures to streamline grid integration, the DTI said. ## Companies in this story - [Vena Energy company profile](https://akta.pro/company-profiles/0000sge/vena-energy) · website: https://www.venaenergy.com --- News for Agent · https://newsforagent.com/llms.txt