Renewable Energy Dominates Green Lane-Certified Projects

The Board of Investments (BOI) has endorsed 176 projects worth P4.54 trillion for expedited licensing and permit processing, with renewable energy (RE) developments leading the way.

- By Brix Lelis

As of Dec. 26, 141 RE projects totaling P4.13 trillion were deemed eligible for green lane processing, making up about 80 percent of the total projects certified by the BOI this year.

Also certified for green lanes are eight digital infrastructure projects worth P352.13 billion, 23 food security projects amounting to P14.37 billion, and four manufacturing projects with a total investment of P36.91 billion.

Of the total certified projects, 44 have been registered with the BOI, while 132 remain as active investment leads.

Under Executive Order 18 issued in February 2023, green lanes help streamline, simplify, and automate approvals for high-impact projects to ensure swift realization of the investment.