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Terra Solar gets BOI green lane certification
The Philippine Star
|August 14, 2024
Terra Solar Philippines Inc. (TSPI) has secured green lane certification from the Board of Investments (BOI) for its P185 billion solar project in Nueva Ecija and Bulacan.
In a statement, the BOI said the green lane certification for TSPI’s solar project was awarded on Aug. 5.
BOI managing head and Trade Undersecretary Ceferino Rodolfo said the project has also been approved for registration under the investment promotion agency.
TSPI is a subsidiary of SP New Energy Corp. and MGen Renewable Energy Inc. (MGreen), the renewable energy unit of Meralco PowerGen Corp. (MGen).
The green lane certification will allow the project to enjoy streamlined and expedited approval and processing for permits.
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