THE Board of Investments (BoI) recently granted a green lane endorsement to ACEN's solar power farm, SanMar Solar, which is due to start operations late this year and help boost the country's clean energy capacity.
THE Board of Investments recently granted a green lane endorsement to ACEN's solar power farm, SanMar Solar, which is due to start operations late this year and help boost the country's clean energy capacity.Located in a 500-hectare land in San Marcelino, Zambales, that used to be covered in lahar, SanMar Solar, a project of ACEN subsidiary Santa Cruz Solar Energy Inc., is being developed in three phases.
'This support reinforces our commitment to ongoing collaboration with the government to accelerate the nation's transition to renewable energy.'The BoI said ACEN would prefer not to disclose the project's investment cost.SanMar Solar is the eighth green lane project of ACEN, the Ayala Group's energy platform. A green lane endorsement signifies the government's support in streamlining processes for strategic investments as mandated by Executive Order 18.
Solar Farm Gets Boi Green Lane Support
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