I SQUARED CAPITAL has committed an additional $1-billion investment in critical infrastructure projects in the Philippines, the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said.
Secretary Frederick D. Go, who heads OSAPIEA, said I Squared’s commitment reflects the country’s growing appeal to infrastructure investors.
“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,” he said in a statement over the weekend.
OSAPIEA said the US private equity firm has committed to advance critical projects across energy transition, transport and logistics, and digital infrastructure.
“I Squared has invested over $1 billion in project enterprise value in the Philippines and shared its plans to invest an additional $1 billion in critical infrastructure projects for the nation,” it added.
To date, I Squared is advancing seven strategic investments in the Philippines, including two in the last six months.
These are Aggreko Philippines, HEXA Renewables, Berde Renewables, Royale Cold Storage, Philippine Coastal Storage & Pipeline Corp., HGC, and BDX.
According to OSAPIEA, Aggreko Philippines has so far invested $200 million in modular power and is planning to double this investment, meaning HEXA Renewables is targeting an additional $350-million investment by 2027.
Meanwhile, I Squared is hoping to significantly increase Royale Cold Storage’s capacity in the near term.
“We are proud to partner with the Philippines on its infrastructure transformation,” I Squared Chairman and Managing Partner Sadek Wahba said.
“Our investments are delivering energy security, food resilience, and digital connectivity — building the foundation for inclusive economic growth and long-term prosperity,” he added.
I Squared is among the companies President Ferdinand R. Marcos, Jr. met with in his recent trip to the US. — Justine Irish D. Tabile