DOE hails PHP 344.62B renewable projects

The Department of Energy welcomed the Board of Investments’ certification of 13 renewable energy projects worth PHP 344.62 billion under the government’s Green Lane initiative in the first five months of 2026, calling it a validation of the Philippines’ accelerating shift to clean energy.

The DOE said the 13 renewable energy projects accounted for 99.6 percent of the PHP 346 billion in total Green Lane investments approved during the period.

The projects are projected to create 38,716 direct jobs, or 99.7 percent of the initiative’s 38,818 total jobs target for the same period.

The department said the jobs represent engineers, technicians, construction workers, and community energy stewards whose livelihoods will be supported by clean and sustainable energy projects.

“RE is not a side story in our economic growth, it is the headline. The PhP344.62 billion that investors are committing to RE under the Green Lane is proof that the Philippines is a destination for clean energy business, and that Filipino workers will be the first to benefit”, Energy Secretary Sharon S. Garin said.

“Every megawatt of solar, wind, hydro, and geothermal power we bring online is a community energized, and a step closer to true energy independence. We will continue to work with our industry partners to ease every barrier standing between these projects and the Filipino people they are meant to serve,” the Secretary added.

Beyond job generation, the DOE said the renewable energy projects are critical to meeting the country’s growing power demand.

The department said the Philippines’ total installed generating capacity must expand significantly in the coming years to keep pace with rapid economic growth and increasing household electrification.

The Green Lane initiative took effect in February 2023 through Executive Order 18 to speed up the processing of permits and approvals for strategic investments.

Since then, the BOI has certified 237 projects valued at PHP 6.32 trillion, which are expected to generate 420,037 jobs.

Renewable energy has driven the Green Lane pipeline, with 182 projects worth PHP 5.41 trillion certified to date.

The DOE said renewable energy holds the largest share of any sector in the Green Lane portfolio.

The department attributed the pace and volume of renewable energy investments to streamlined regulatory processes, improved policy certainty, and the government’s sustained commitment to clean energy targets.

The DOE said it will continue coordinating with concerned government agencies, local government units, and stakeholders to ensure certified renewable energy projects move efficiently from development to commercial operation.

The department said it also wants the economic benefits of the clean energy transition to be felt across the country’s regions.

The Philippines is targeting a renewable energy share of 35 percent by 2030 and 50 percent by 2040.

The DOE said it remains committed to working with government agencies, investors, and communities to make clean energy a cornerstone of the country’s long-term economic and development agenda.