The Board of Investments (BOI) has awarded Green Lane Certificates of Endorsement to Upgrade Energy Philippines, Inc. (UGEP) for its two solar power projects in Zambales and Capiz.
The Philippine Board of Investments said that the 56.771-megawatt (MW) Cabangan Solar Project in Zambales and the 47.001-MW Pontevedra Solar Power Project in Capiz are set to accelerate the country’s renewable energy expansion, with project costs of Php 2.11 billion and Php1.51 billion, respectively.
The endorsements are part of the government’s push to streamline renewable energy investments under Executive Order (EO) No. 18, which aims to fast-track strategic projects in the clean energy sector.
UGEP President and CEO Ruth Yu-Owen welcomed the BOI’s facilitation, emphasizing that the green lane endorsement will enable faster permit processing, ensuring efficient collaboration with national and local agencies.
She added that the projects will power thousands of homes, reduce carbon emissions, and serve as a model for future green investments in the country.
The two solar power projects are expected to create up to 331 direct job opportunities during construction and commissioning, followed by long-term employment for operations and maintenance over the 25-year project lifespan.
Beyond employment, the projects will contribute to local economic development through increased tax revenues and investments in surrounding communities.
As part of the government’s broader renewable energy efforts, the BOI has endorsed 184 strategic investments under its green lane services, with 149 projects worth Php4.211 trillion dedicated to the renewable energy sector.
With streamlined approvals and regulatory support, the UGEP solar projects mark a significant step toward the Philippines’ transition to sustainable energy.
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