The Board of Investments (BOI), through its One-Stop Action Center for Strategic Investments (OSACSI), has certified a total of 208 projects with combined investments of PHP5.478 trillion with estimated jobs generation of 277,957 under the Green Lane initiative as of July 31, 2025.
The OSACSI said the renewable energy sector dominated the investment landscape, accounting for 162 projects of total greenlane projects with a combined cost of PHP5.027 trillion.
Meantime, the BOI announced its latest Green Lane certified company Pacific Impact Energy Corp. (PIEC), a solar energy project in Sual, Pangasinan. BOI did not reveal PIEC’s investment figure for its solar project.
PIEC has proposed to build 61.551 megawatt-peak Capantolan Solar power project in Sual. The project has also been registered with the BOI, reinforcing its strategic importance and eligibility for investment incentives.
Once operational, PIEC will deliver clean and renewable energy to support the country’s transition to a sustainable energy future, enhance energy security, and contribute to the attainment of the Philippine renewable energy targets.
At the height of construction, it will create jobs for about 400 workers in engineering, supply, transportation, and related fields, while maintaining long-term operational roles for plant engineers, operators, and support staff.
In addition, the project is expected to lower electricity costs, strengthen energy independence, and promote environmental sustainability by actively engaging local communities.
The BOI underscored its commitment to facilitate the smooth implementation of the Capantolan Solar Power Project. Through the Green Lane, the agency will continue to coordinate with relevant national and local government agencies to help address permitting and regulatory concerns, ensuring that the project receives support in line with its strategic importance.
“We’re actively developing clean energy projects across Southeast Asia, but the Philippines stands out as one of the most supportive environments for renewable energy investment,” said James Timko, Managing Director of Pacific Impact Development.
“With the Green Lane framework, the Philippines offers an ecosystem for enabling infrastructure. This is exactly the kind of program we look for when scaling climate-aligned energy solutions,” he added.
The Capantolan project represents part of PIEC’s broader commitment to renewable energy development in the Philippines. PIEC is simultaneously advancing additional clean energy ventures, including the Albay Wind Power Project in Ligao and Guinobatan and Malasiqui Solar Power Project in Pangasinan.
Moreover, these projects collectively demonstrate PIEC’s strategic approach to building a comprehensive clean energy portfolio that will significantly contribute to the nation’s renewable energy infrastructure.
