This is a remarkable jump in energy program of DOE as of the end of 2023.
BOI has given green lane certifcates to 114 RE projects worth $66.56 billion or P3.74 trillion in php. further increasing foreign direct investment in the Philippines.
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.
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