Spanish renewable energy developer Grupo Enhol met with the Philippine Board of Investments (BOI) to explore potential renewable energy, energy storage and supporting infrastructure projects in the country, joining a growing number of Spanish firms eyeing the Philippine clean energy market.
The investment briefing, held recently, highlighted the Philippines’ strengthened policy environment, which now allows for full foreign ownership in the renewable energy sector.
The BOI presented a pipeline of investment opportunities and government agencies discussed facilitation services like the Green Lane program, designed to accelerate the processing of strategic projects.
Grupo Enhol’s interest follows recent moves by major Spanish players such as Acciona Energía and Iberdrola, which are advancing solar, wind and offshore wind projects in the Philippines. The BOI said the participation of more Spanish firms would help accelerate the country’s transition to clean energy and strengthen its positioning as a regional hub for innovation and sustainability-led industries.
Driving this strong foreign investor interest, energy and power projects accounted for nearly 59 percent of all BOI-approved investments from January to November 2025, fueled by demand for solar, wind and energy storage development.
The investment briefing was led by Philippine Ambassador to Spain Philippe Lhuillier and BOI International Investments Promotion Service director Lanie Dormiendo, alongside officials from the Department of Energy (DOE), Global Capability Center Council Philippines (GC3), and the Bureau of Internal Revenue (BIR).
Grupo Enhol is expanding its global footprint across the Asia-Pacific and Latin America.
