The Department of Trade and Industry–Board of Investments (DTI-BOI) has approved the registration of two renewable energy (RE) projects with a combined investment of nearly PHP2 billion, underscoring the government’s push to attract more investments in the country’s clean energy sector.
“These projects demonstrate President Marcos Jr.’s administration’s strong commitment to expanding investments in the Philippines while accelerating the transition to clean energy. We remain focused on mobilizing strategic investments that will generate quality jobs and support long-term energy security for Filipinos,” said Trade Secretary and BOI Chairman Cristina A. Roque.
The larger of the two, the Gamu Solar Power Project of Intramuros Solar Energy Corp., involves an investment of PHP1.99 billion and will have a capacity of 70.786 megawatts peak (MWp). Located in the municipalities of Gamu and Naguilian in Isabela, the project is scheduled to commence commercial operations in April 2027.
The second project is the Richbake, Inc. Solar Power Project of PI Energy Inc. in Rosales, Pangasinan, with an investment of PHP17.42 million and a capacity of 0.494 MWp. It is targeted to begin commercial operations in March 2026.
These projects support the Philippine Energy Plan 2023–2050, which aims to increase the share of renewable energy in the power generation mix to at least 35 percent by 2030, 50 percent by 2040, and more than 50 percent by 2050. Once operational, the two solar facilities will contribute to meeting the additional capacity requirement of 984 MW needed to achieve the targeted 694 MW of installed solar capacity under the Clean Energy Scenario by 2050.
“Renewable energy remains a top priority sector for investment promotion. These approvals signal a strong start for 2026 in terms of investment generation, particularly in the RE sector, and reinforce investor confidence in the Philippines’ clean energy transition,” said Trade Undersecretary and BOI Managing Head Ceferino Rodolfo.
In 2025, the BOI certified Php1.96 trillion worth of investments under the Green Lane for Strategic Investments. Of the 81 Green Lane projects approved during the year, 74.53 percent were in the renewable energy sector, with total investments expected to generate more than 163,000 jobs nationwide.
As the country’s lead investment promotion agency, the DTI-BOI remains committed to attracting high-impact and strategic investments that will position the Philippines as a regional hub for smart and sustainable industries. These investments will foster sustainable economic growth and generate jobs for Filipinos, aligning with the government’s goal of creating a virtuous cycle of sustained economic growth that transforms the Philippine economy.
