ADVERTISEMENT
Filtered By: Money
Money

DTI-BOI grants green lane certifications to 14 projects worth P340 billion


+
Add GMA on Google
Make this your preferred source to get more updates from this publisher on Google.

The Department of Trade and Industry (DTI), through the Board of Investments (BOI), has granted Green Lane certifications to 14 projects—majority of which are renewable energy initiatives—in the first four months of 2026.

In a statement on Thursday, the DTI said the approved14 projects are worth P340.07 billion in total investments and are expected to generate 37,828 jobs.

The agency said the January to April Green Lane-certified projects were largely driven by the renewable energy sector, accounting for 85.71% of total certifications with investments reaching P339.09 billion and projected employment of 37,726 jobs.

The food security sector, meanwhile, accounted for two projects, comprising 14.29% of total certifications, with a combined investment value of P980 million.

Established under Executive Order No. 18, the Green Lane for Strategic Investments streamlines the approval process for high-impact projects by providing a single-entry point for investors through the One-Stop Action Center for Strategic Investments (OSAC-SI).

The mechanism facilitates faster inter-agency coordination and ensures more efficient processing of strategic investments across government.

Strategic investments are those which are aligned with the Philippine Development Plan or any similar national development plan and can be characterized by: significant capital or investment to the country; consequential economic impact; positive impact on the environment; significant contribution to the country's balance of payments; with complex technical processes and engineering designs; and will improve the country's infrastructure capabilities.

“These figures reflect strong investor confidence in doing business in the Philippines, supported by the ease of doing business under the Green Lane Initiative. The P340.07 billion in approved projects sends a clear signal to both local and foreign investors that the Philippines is ready for more strategic investments that will boost our economy and provide jobs to our countrymen,” said Trade Secretary Cristina Roque.

The DTI said that a total of 237 projects have been certified, with a combined project cost of P6.32 trillion and an estimated 421,451 jobs generated since the establishment of the Green Lane in February 2023.

The projects span key sectors, including renewable energy, digital infrastructure, public-private partnerships, infrastructure and water, food security, manufacturing, and pharmaceuticals.

Renewable energy accounted for the lion’s share at 182 certified projects worth P5.42 trillion in investments and an estimated 272,583 jobs since 2023.

The DTI said that among notable approvals for 2026 include large-scale wind and energy developments led by Airstream Renewables Corporation, Viento Energy 1 Corp., and San Jose Onshore Wind Power Corporation.

Meanwhile, key projects are the Pangasinan Wind Farm, with a project cost of P52.31 billion and projected employment of 10,560 workers; the Samar Wind Farm, valued at P43.59 billion and expected to generate 8,800 jobs; the Nueva Ecija Wind Farm, also worth P43.59 billion with 8,800 projected jobs; and the Bulalacao Bay Offshore Wind Project, amounting to P88.32 billion and expected to create 2,200 jobs.

“Together, these flagship projects account for more than P220 billion in investments and over 30,000 jobs for Filipinos,” it said.

Further expanding renewable energy capacity are projects such as:

  • San Jose Onshore Wind Power Corporation, with a P30.92-billion project cost and 1,100 expected jobs
  • Ilosong Wind Corp. at P16.13 billion with 1,200 jobs
  • Energia Pulita Energy Corp. at P14.11 billion with 450 jobs
  • Sembrano Wind Power Corp. at Php10.30 billion with 100 jobs

“These developments are complemented by 5Hour Peak Energy Corp.’s floating solar project worth P5.88 billion and generating 1,760 jobs, as well as hydropower projects by Alsons Energy Development Corporation and Oriental Energy and Power Generation Corporation, with combined investments of over P11 billion and nearly 1,000 projected jobs. Together, these investments strengthen a diversified and more reliable energy mix,” the DTI said.

“Meanwhile, Charoen Pokphand Foods Philippines Corporation’s livestock projects in Cavite and Isabela, totaling nearly P1 billion, are expected to create over 100 jobs, supporting food security and rural livelihoods,” it said. — BM, GMA News