THE Board of Investments (BOI) said it has certified 176 projects worth P4.54 trillion under the green lane as of December 26. Of these 176 projects, majority or 141 projects are in the Renewable Energy sector. These RE projects are worth P4.13 trillion.
THE Board of Investments said it has certified 176 projects worth P4.54 trillion under the green lane as of December 26.
The BOI noted that in December alone, six projects worth P39.8 billion were certified, led by the P12.72 billion Laguna Wind Project in Region 4-A. With an aggregate target installed capacity of 4,000 gigawatts and a P694 billion investment, these projects will soon operate in Northern Luzon, Northern Mindoro, and East Panay. These are are expected to generate over 50,000 jobs for Filipinos from construction to operation.
The agency said the liberalization of foreign investment policies and the easing of ownership restrictions on renewable energy projects have significantly impacted foreign investments in Green Lane-certified initiatives.
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