Brookfield seeks to expand Philippine renewable energy investments
The Canadian investor’s acquisition of Alba Renewables included a project pipeline of approximately 1.8 gigawatts, mainly in the Philippines and Thailand.
Brookfield Corp. is looking to increase its investment in Philippine renewable energy, according to Finance Secretary Frederick Go, who held talks with company officials about the Canadian firm’s expansion plans.
Brookfield Energy managing director Stefano Ghezzi told the meeting that the Philippines was a particular focus of the firm’s interest in emerging markets. He cited government backing for renewable energy development and reforms aimed at improving the country’s attractiveness to investors.
Go, also the country’s investment czar, had discussed Philippine opportunities with Brookfield CEO Bruce Flatt in New York earlier in 2026. Welcoming the proposed expansion, Go said the investments could add energy capacity, help make electricity more dependable and affordable, and generate jobs and economic opportunities.
The purchase of Singapore-based Alba Renewables marked Brookfield’s entry into Philippine renewable energy. That acquisition brought a development pipeline of approximately 1.8 gigawatts, comprising wind and solar projects alongside battery storage, concentrated mainly in the Philippines and Thailand.
Brookfield also participates in Philippine business process outsourcing through Everise, which employs 7,000 people in the country. The Orlando, Florida-headquartered company supplies customer experience services and information technology-business process management solutions.
