The Board of Investments (BOI) has certified strategic projects worth P4.54 trillion as of December 26, 2024 under the government’s Green Lane, which streamlines approvals for high-impact investments.
A total of 176 projects have been certified, spanning renewable energy, digital infrastructure, food security, and manufacturing.
Renewable energy dominated the portfolio with 141 projects worth P4.13 trillion.
Digital infrastructure came in second with P352.13 billion consisting of eight projects.
Food security, on the other hand, added P14.37 billion from 23 projects, while manufacturing contributed P36.91 billion from four projects.
“The success of the Green Lane underscores the Philippines’ rising profile as a hub for strategic and sustainable investments. By fast-tracking approvals through EO 18, we’ve aligned these investments with our national priorities, including renewable energy development, job creation, and economic resilience,” said BOI Investments Assistance Center executive director Bobby Fondevilla.
In December alone, six projects worth P39.8 billion were certified, led by the P12.72 billion Laguna Wind Project in Region 4-A. Of the certified projects, 44 have been registered with BOI, with a combined cost of P1.93 trillion, while 132 remain as active investment leads worth P2.61 trillion.
Further, the BOI also recently granted green-lane access to Buhawind Energy Philippines, a joint venture between PetroGreen Energy Corp. and Denmark’s Copenhagen Energy, for its three offshore wind power projects.
With an aggregate target installed capacity of 4,000 gigawatts and a P694 billion investment, these projects will soon operate in Northern Luzon, Northern Mindoro, and East Panay. From construction to operation, they are expected to generate over 50,000 jobs for Filipinos.
The liberalization of foreign investment policies and the relaxation of ownership restrictions on renewable energy projects have significantly impacted foreign investments in Green Lane-certified initiatives.
Of the 176 certified projects, 46 are majority foreign-owned, with 30 being wholly owned by foreign companies from Singapore, Thailand, Malaysia, and the British Virgin Islands.
In terms of equity contributions, Denmark leads with the largest foreign investment at P416.41 billion, followed by The Netherlands with P336.93 billion, Switzerland with P310.74 billion, and Singapore with P230.38 billion.
The Green Lane has streamlined inter-agency coordination, secured local government endorsements, and simplified processes with the release of the Implementing Rules and Regulations (IRR) for EO 18.
