BOI grants green lane status to RE projects

MANILA, Philippines — The Board of Investments (BOI) has endorsed for green lane processing two renewable energy projects of Nexif Ratch Energy Investments Pte. Ltd. (NREI) worth over P60 billion.

In a statement yesterday, the BOI said it granted the certificate of endorsement for green lane services to NREI’s solar and wind power projects managed by its subsidiaries Calabanga Renewable Energy (CARE) Inc. and ACX3 Capital Holdings Inc. (ACX3) in Camarines Sur.

Securing green lane certificates means the projects would enjoy expedited and streamlined permitting procedures.

Executive Order 18 issued in February last year, directed the establishment of green lanes to expedite, streamline and automate government processes for the entry of strategic investments.

Granted green lane status was the P3.695 billion Calabanga Solar Power Project operated by CARE.

Construction for the project, which has a total capacity of 74.131 MWp (Megawatt peak) or 51.555 MW, started in June last year.

Also receiving the BOI’s endorsement for green lane services is the P60 billion San Miguel Bay Wind Power Project under ACX3.

Located in the municipalities of Calabanga, Tinambac and Siruma, the project, which has a planned capacity of 500 MW, aims to help reduce the country’s carbon emissions.

The project is currently in its pre-development stage, with construction scheduled to begin in the first quarter of 2026 and commercial operations targeted by 2028.

The project’s output will be auctioned through the Department of Energy’s Green Energy Auction Program, with alternative plans to sell electricity through a power sales agreement or the Wholesale Electricity Spot Market.