Friday, April 25, 2025

BOI awards green lane certificate for P75-B solar, wind power projects

Three renewable energy projects of Vena Energy with combined investment pledges of P75 billion have been awarded Green Lane Certificates by the Board of investments to facilitate the processing of permits and registration of their ventures with government agencies in the Philippines.
Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo presented the certificates to Vena Energy officials following a brief meeting. The certificates were awarded to Opus Solar Energy Corp., Gemini Wind Energy Corp., and Ixus Solar Energy Corp., special purpose vehicles of Vena Energy.
Particularly, the Green Lane Certificates awarded are for the following projects: 416.025 MWp/ 318.750 MWac Opus Solar Power project of Opus Solar Energy Corp, 200MW Gemini Wind Power Project of Gemini Wind Energy Corp., 301.392 MWp Aguilar Solar Power Project, and 473.616p MW Ixus Bugallon Solar Power Project both of Ixus Solar Energy Corp.
With a combined investment of approximately Php75 billion, these projects will be developed across Luzon and Visayas, creating up to 8,000 direct job opportunities during their construction, commissioning, operation, and maintenance.
Vena Energy’s diverse renewable energy portfolio includes 43 GW of onshore wind, solar, and offshore wind projects, alongside a green infrastructure pipeline comprising 24 GWh of battery energy storage systems (BESS), 620 MW of data centers, and 840 MTPA of green hydrogen and ammonia production. With over 1,000 employees across 87 corporate and site offices globally, the company is dedicated to driving widespread adoption of low-carbon energy solutions.
The awarded projects are among the 184 strategic investments endorsed by OSAC-SI under the Green Lane Services, totaling Php4.614 trillion as of February 19, 2025. Of these, 149 projects worth Php4.211 trillion fall under the renewable energy sector.
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