The Green Lanes for Strategic Investments has approved four projects worth P183 billion while eight valued at P78.5 billion are under evaluation, the Board of Investments (BOI) said yesterday.
The BOI said these projects represent a significant investment in various sustainable projects, ranging from floating solar projects to data centers and common towers.
These include SunAsia Energy Inc.’s P66-billion 1300 megawatt floating solar project in Laguna de Bay; NK Solar One Inc.’s P15 billion 250MW floating solar project in Caliraya, Laguna; Phil-tower Consortium Inc.’s P52 billion 7,907 built-to-suit common towers, and; Narra Technology Development Park’s P50 billion Hyperscale Data Center in New Clark City, Tarlac.
The additional projects under evaluation are five more floating solar projects, a micro-hydro electric plant, a reinforcing steel bars producer, and a section mill project, the BOI added.
The 12 projects will generate 19,250 jobs.
These are part of the P230 billion investments that President Ferdinand Marcos Jr. mentioned in his State of the Nation Address last Monday.
Strategic investments are processed under the newly established green lanes through Executive Order (EO) No. 18 signed in February.
The EO meant to expedite, streamline, and automate government approval and registration process of priority investments and strategic investments or projects which are in line with the Philippine Development Plan 2023-2028.
