The Philippines’ Department of Energy (DOE) has welcomed the certification of 13 renewable energy projects valued at PHP344.62 billion under the government’s Green Lane initiative during the first five months of 2026.
According to the Board of Investments (BOI), these projects accounted for 99.6 per cent of the PHP346 billion in Green Lane investments approved during the period and are expected to create approximately 38,716 direct jobs. The DOE stated that the investments reflect strong investor confidence in the country’s renewable energy sector and will help meet rising electricity demand while supporting employment in engineering, construction, technical services and operations.
Since the initiative’s launch in February 2023, the BOI has certified 237 projects worth PHP6.32 trillion, including 182 renewable energy projects valued at PHP5.41 trillion. The Philippines aims to increase the share of renewables in its power generation mix to 35 per cent by 2030 and 50 per cent by 2040.