THE Board of Investments (BOI) on Thursday said it has granted a green lane certificate of endorsement to Singapore-based Pacific Impact Energy Corp. (PIEC) for its 61.551-megawatt-peak Capantolan Solar Power Project in Sual, Pangasinan.
THE Board of Investments on Thursday said it has granted a green lane certificate of endorsement to Singapore-based Pacific Impact Energy Corp. for its 61.551-megawatt-peak Capantolan Solar Power Project in Sual , Pangasinan.Executive Order 18 mandated the creation of green lane units in all government offices to fast-track business registration processes through the One-Stop Action Center for Strategic Investments, particularly in renewable energy projects.
The Capantolan solar project will hire some 400 workers in engineering, supply, transportation, aside from creating long-term operational roles for plant engineers, operators and support staff.It will lower electricity costs, support the country’s transition to a sustainable future and help reach its RE target.Under the National Renewable Energy Program for 2020 to 2040, the government is targeting a 35-percent RE share in the power generation mix by 2030 and 50 percent by 2040.
Solar Project Gets Green-Lane Endorsement
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