The Board of Investments (BOI) has granted green lane certificates to seven renewable energy (RE) projects worth PHP244 billion in the Philippines. The projects will be executed by Burgos Pangasinan Solar Energy Corporation (BPSEC), Triconti Windkraft Group (TWG) and Sea Wind Holdings AG. Approval was granted through the agency’s One-Stop Action Center for Strategic Investments (Osacsi).
The Guimaras Strait Wind Power Project and Guimaras Strait II Wind Power Project will be completed by TWG and Sea Wind Holdings AG at an investment of PHP221.6 billion in Western Visayas, with a combined capacity of 1.2 GW. Meanwhile, BPSEC will operate PHP2.7 billion solar power project in Burgos, Pangasinan which is expected to commence operations in September 2026.
Further, green lane certificates have been issued to the PHP6.66 billion Daklan Geothermal Power Project in Benguet which will generate a capacity of 51 MW, PHP7.58 billion Mt. Labo Geothermal Power Project in Quezon which will generate a capacity of around 105 MW and PHP5.03 billion Mt. Malinao Power Project in Camarines Sur and Albay which will generate a capacity of 50 MW.
Moreover, the PHP689.9 million Baua-Sikaw Geothermal Power Project has also been granted a green lane certificate. The project will be operated by Pan Pacific Power Philippines Corporation (PPPPC) in Lal-lo, Gonzaga, and Sta. Ana in Cagayan province will generate a capacity of 61 MW.