The Board of Investments (BOI) has granted Green Lane Certificate of Endorsement to seven renewable energy (RE) projects with a combined cost of P244 billion, the biggest of which are the P221.6 billion projects of the partnership of the Triconti Windkraft and Sea Wind Holdings AG.
The green lane processing will ensure local and national agencies will facilitate the completion of these projects’ permitting requirements.
Guimaras Strait Wind Power Project (under Triconti Southwind Corp.) and Guimaras Strait II Wind Power Project under (Jet Stream Windkraft Corporation) were among the first awarded Offshore Wind Energy Service Contracts by the Department of Energy.
The two projects will operate offshore Negros Occidental and Iloilo Province and have a total target capacity of 1.2 GW. T
Four projects are in geothermal with a combined cost P20 billion and the remaining is in solar.
The geothermal projects are being undertaken by Philippine Geothermal Production Company Inc. (PGPC) and the Pan Pacific Power Philippines Corp. (PPPPC).
The Green Lane Certificates awarded to PGPC are the Daklan geothermal power project in Benguet with estimated 51 megawatt (MW) capacity with a project cost of P6.66 billion; Mt. Labo geothermal power project in Quezon, Camarines Norte and Camarines Sur with an estimated 105 MW capacity for P7.58 billion; and Mt. Malinao power project in Camarines Sur and Albay with estimated 50 MW capacity for P5 billion.
These projects are projected to generate a total of 1,500 jobs from exploration and development, well drilling to commercial operations.
The BOI also granted Green Lane Certificate to the Baua-Sikaw geothermal power project of PPPPC, which will soon operate in the towns Lal-lo, Gonzaga, and Sta. Ana in Cagayan Province.
With a total project cost of P689.9 million during the 7-year exploration period of its contract, the project itself is projected to produce 61 MW. The Baua-Sikaw project will employ 500.
Meanwhile, Burgos Pangasinan Solar Energy Corp. (BPSEC) has obtained a Green Lane Certificate of Endorsement from the Board of Investments (BOI) for its P2.7-billion solar power project in Pangasinan.
Expected to operate in September 2026, the project is a ground-mount solar power plant over an area of approximately 71.5 hectares with a target installed capacity of 65 MWp or 50 MWac.
The firm’s activity was awarded the Solar Energy Operating Contract by the Department of Energy in December 2023.
The project is projected to generate over 500 jobs.. Irma Isip
