BOI grants PHP75B green lane certification to Vena Energy's renewable projects
The Board of Investments (BOI) granted green lane certification to four renewable energy projects by Vena Energy, with combined investments totaling PHP75 billion.
These projects include the 416.025-megawatt peak Opus Solar Power Project and the 200-MWp Gemini Wind Power Project in Luzon, as well as the 301.392-MWp Aguilar Solar Power Project and the 473.616-MWp Ixus Bugallon Solar Power Project in the Visayas.
The green lane status will expedite permit issuance and resolve strategic investment issues as mandated by President Marcos Jr. through Executive Order 18 in February 2023, creating up to 8,000 direct job opportunities during construction, commissioning, operation, and maintenance.
As of Feb. 19, the BOI has registered 184 projects under the green lane program with an overall investment value of P4.614 trillion.
The government launched the green lane program to expedite, streamline, and automate government approval processes for priority investments.
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