The Board of Investments (BOI) has certified strategic projects worth Php4.54 trillion as of December 26, 2024, sustaining the momentum of the Green Lane initiative under Executive Order No. 18. This initiative streamlines approvals for high-impact investments, reinforcing the Philippines’ economic transformation.
A total of 176 projects have been certified, spanning renewable energy, digital infrastructure, food security, and manufacturing. Renewable energy dominates the portfolio with 141 projects worth Php4.13 trillion, underscoring the government’s commitment to sustainability. Digital infrastructure accounts for Php352.13 billion across eight (8) projects, food security adds Php14.37 billion from 23 projects, and manufacturing contributes Php36.91 billion from four (4) 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 (6) projects worth Php39.8 billion were certified, led by the Php12.72 billion Laguna Wind Project in Region 4-A. Of the certified projects, 44 have been registered with BOI, with a combined cost of Php1.93 trillion, while 132 remain as active investment leads worth Php2.61 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 Php694 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 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.
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. These efforts solidify the Philippines as a prime destination for both local and foreign investments.
