I Squared Capital plans to invest $1 billion in Philippines

MANILA, Philippines — Global infrastructure investor I Squared Capital is planning to make an additional investment of $1 billion in energy, transport and digital infrastructure projects in the Philippines, the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said.

In a statement yesterday, the OSAPIEA said I Squared Capital shared plans for its additional investment following a high-level meeting with President Marcos in the US.

I Squared Capital, which has already invested over $1 billion in project enterprise value in the Philippines, plans to advance projects in energy transition, transport and logistics, as well as in digital infrastructure.

“This partnership underscores the Marcos administration’s commitment to harnessing private capital to meet the Philippines’ long-term infrastructure needs while enhancing national competitiveness, resilience and sustainability,” I Squared Capital chairman and managing partner Sadek Wahba said.

Through the collaboration with a global partner like I Squared Capital, he said the Philippines is positioning itself as a leading destination for infrastructure investment in the Indo-Pacific.

For his part, SAPIEA Frederick Go said the partnership reflects the Philippines’ growing appeal for world-class infrastructure investments.

“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. This is an investment in our people and their future,” he said.

I Squared Capital has invested in seven initiatives that support the country’s development goals.

These cover modular power through Aggreko Philippines, utility-scale renewables through HEXA Renewables; rooftop solar solutions through Berde Renewables; cold storage through Royale Cold Storage; fuel logistics through Philippine Coastal Storage & Pipeline Corp.; broadband connectivity through HGC and data centers through BDx.

“Our investments are delivering energy security, food resilience and digital connectivity — building the foundation for inclusive economic growth and long-term prosperity,” Wahba said.

Headquartered in Miami, I Squared Capital is engaged in building infrastructure businesses that provide critical services worldwide.