The Board of Investments (BOI) One-Stop Action Center for Strategic Investments (OSAC-SI) has awarded Green Lane Certificates of Endorsement to P75 billion wind and solar power projects.
The BOI in a statement on Thursday said the awarded projects are among the 184 strategic investments endorsed by OSAC-SI under the Green Lane Services, totaling P4.614 trillion as of Feb. 19, 2025.
The BOI did not provide details but said of these, 149 projects worth P4.211 trillion fall under the renewable energy (RE) sector.
The BOI said for the P75-billion RE projects, the certificates were awarded last January 22 to Opus Solar Energy Corp., Gemini Wind Energy Corp. and Ixus Solar Energy Corp., the special purpose vehicles formed by Vena Energy, a leading RE provider in the Asia-Pacific for its projects in the Philippines.
These are for the 416.025 megawatt-peak (MWp) / 318.750 MWac Opus solar power project of Opus Solar Energy, 200 MW Gemini wind power project of Gemini Wind, 301.392 MWp Aguilar solar power project and the 473.616p MW Ixus Bugallon solar power project of Ixus Solar Energy Corp.
The BOI did not disclose the exact locations of the projects but said these will be developed across Luzon and Visayas, creating up to 8,000 direct job opportunities during their construction, commissioning, operation and maintenance. The Green Lane initiative, established through Executive Order No. 18 in February 2023, streamlines the permitting and licensing process for strategic investments, particularly in RE, to boost economic growth and innovation in the country.
