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MANILA, Philippines – A total of 17 projects worth a combined P351.02 billion entered the Board of Investments’ (BOI) “green lane” pipeline in the first half, with renewable energy accounting for nearly all of the certified investment cost.
According to the BOI, the projects, which qualified for expedited government processing, are expected to generate 39,368 jobs.
Renewable energy dominated the first-half certifications, accounting for 14 of the 17 projects with a combined project cost of P349.38 billion, or 99.53 percent of the total.
These include the P5.52-billion, 50-megawatt Southwest Kalinga Geothermal Power Project of Aragorn Power and Energy Corp. and the P4.76-billion wind power project of Cauayan Philippines Renewable Corp. in Negros Occidental.
