Renewable Energy in the Philippines
This is about emerging renewable energy development in the Philippines. In Southeast Asia, Philippines has emerged to be one of the leaders. Huge investments have been made into solar and wind energy.
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Philippines is now ranked no. 4 world wide in Renewable energy after China India Chile
Manila: The Philippines is making significant strides in promoting renewable energy and attracting foreign direct investments (FDI) in the sector.
The Board of Investments (BOI) has so far granted “green lane certificates” to 114 renewable energy projects valued at 3.74 trillion pesos ($66.56 billion), according to the state investment promotion agency.
For example, due to the green lane certifications, Aboitiz-led PV Sinag Power, Inc. has kicked off operations of the 94.717 megawatt-power Cayanga-Bugallon Solar Power Project in Panagasinan.