TWO renewable energy (RE) projects worth P74 billion have been granted green-lane access, the Board of Investments (BOI) announced.
TWO renewable energy projects worth P74 billion have been granted green-lane access, the Board of Investments announced.The Lucena Wind Power Project and Bacolod Solar Power Plant Project, both initiatives of Singapore-based Nexif Ratch Energy Investments Pte. Ltd. , received green-lane certificates of endorsement from the DTI-BOI's One-Stop Action Center for Strategic Investments , as mandated by Executive Order 18.
, will produce 150 MW of solar energy in Bacolod City and Bago City, Negros Occidental Construction started in October 2024 and will be ready to operate by the last quarter of 2025. A significant portion of the solar project's output will be contracted through a Power Supply Agreement with AP Renewables and Adventenergy Inc., while the remaining capacity will be sold through the WESM. The plant is expected to operate for 30 years.
In RE Projects Get Green Lane Certifications
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