Investment-ready renewable energy project development in the Philippines

The Growald Climate Fund engaged FDI Center to support the Board of Investments (BOI) of the Philippines in identifying, packaging, and promoting investment-ready renewable energy projects to international financial investors.

Despite strong investor interest in the Philippines, there was a limited pipeline of renewable energy projects meeting international investor standards, as well as a need to build institutional capacity to engage effectively with global investors.

FDI Center worked closely with the BOI and local stakeholders to develop investment-ready projects and build a replicable approach. Over the course of the project, we:

• identified and vetted viable renewable energy developers and projects based on their feasibility and attractiveness to foreign investors.

• conducted site visits and engaged with developers, local governments, regulators, and infrastructure authorities to gather technical, financial, and regulatory information on selected projects.

• carried out early-stage consultations with international investors to understand requirements related to project scale, risk appetite, and financing expectations, and incorporated these into project structuring.

• prepared investor-grade documentation for two solar power projects, covering technical feasibility, regulatory status, financial structure, implementation timeline, risks, and overall bankability.

• developed a standardized project documentation template that is aligned with global investor expectations and tailored to the Philippine context, enabling the BOI to replicate the process independently for future projects.

• delivered practical, hands-on training to BOI staff through workshops and embedded collaboration, covering project vetting, structuring, investor targeting, and pitch preparation.

• created investor-facing pitch decks and supported the BOI in presenting investment opportunities to international investors.

• introduced digital investor-matching tools and trained BOI staff on identifying, qualifying, and engaging relevant global investors.

Based on this work, BOI has strengthened its capacity to develop and promote investment-ready projects, with the tools and templates developed by FDI Center now being used to engage international investors and support a growing pipeline of investable project opportunities across different sectors.