The Philippine Economic Zone Authority (PEZA) has approved the entry of a new solar manufacturing investment in Batangas, strengthening the country’s push to expand its renewable energy supply chain and export capacity.

In a registration agreement signed on April 13 at the PEZA Head Office, PEZA formally welcomed Genuine Renewable Energy and Eco-Friendly Energy Network Corp. (GREEENC) as a new ecozone enterprise.

The agreement was signed by PEZA Director General Tereso O. Panga and GREEENC Chairman Joseph P. Aguilar, with PEZA Deputy Director General for Finance and Administration Anidelle Joy M. Alguso and GREEENC Corporate Treasurer Marcela M. Saludo serving as witnesses.

GREEENC will establish operations at Light Industry and Science Park III – SEZ in Sto. Tomas, Batangas, where it will manufacture, assemble, and export solar photovoltaic modules for residential, commercial, industrial, agricultural, utility-scale, and off-grid applications.

The project carries an initial investment of PHP 370 million and is projected to generate USD 132 million in export sales during its incentivized period. Its solar panels will be primarily shipped to European Union markets, positioning the Philippines as an emerging hub for renewable energy manufacturing.

PEZA said the development supports the broader energy transition agenda of the Marcos administration, which is focused on energy diversification, green industry expansion, and wider clean energy adoption.

“This investment is particularly impactful in today’s global context. As nations grapple with energy insecurity, rising fuel costs, and climate-related disruptions, initiatives in renewable-energy manufacturing strengthen long-term resilience,” PEZA Director General Tereso O. Panga said. 

“Projects like GREEENC’s not only generate jobs and spur technological advancement—they also help reduce reliance on imported fossil fuels and mitigate vulnerabilities during global crises,” he added.

How significant is local solar manufacturing in reducing the Philippines’ energy import dependence and accelerating its renewable energy transition?

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