BOI Certifies PHP 4.54T in Investments

The Board of Investments (BOI) has certified strategic projects worth PHP 4.54 trillion as of December 26, 2024, under the Green Lane initiative of Executive Order No. 18.

A total of 176 projects have been certified, covering renewable energy, digital infrastructure, food security, and manufacturing.

Renewable energy leads with 141 projects valued at PHP 4.13 trillion, emphasizing the government’s sustainability goals.

Digital infrastructure accounts for PHP 352.13 billion across eight projects, food security adds PHP 14.37 billion from 23 projects, and manufacturing contributes PHP 36.91 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 PHP 39.8 billion were certified, including the PHP 12.72 billion Laguna Wind Project in Region 4-A.

Of the certified projects, 44 have already been registered with the BOI, representing PHP 1.93 trillion, while 132 remain as active investment leads worth PHP 2.61 trillion.

The BOI recently granted Green Lane access to Buhawind Energy Philippines, a joint venture between PetroGreen Energy Corp. and Denmark’s Copenhagen Energy.

The venture will develop three offshore wind power projects with a combined investment of PHP 694 billion and a target installed capacity of 4,000 gigawatts.

The projects, located in Northern Luzon, Northern Mindoro, and East Panay, are expected to generate over 50,000 jobs during construction and operation.

The liberalization of foreign investment policies and relaxed ownership restrictions on renewable energy projects have attracted significant foreign capital.

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.

Denmark leads foreign equity contributions with PHP 416.41 billion, followed by the Netherlands with PHP 336.93 billion, Switzerland with PHP 310.74 billion, and Singapore with PHP 230.38 billion.