BOI tags Pangasinan solar park for ‘green lane’
A solar power facility in Pangasinan is the latest project to obtain a green lane certification from the Board of Investments (BOI). This is expected to help reduce electricity rates and support the government’s renewable energy agenda.
In a statement on Thursday, the BOI said Pacific Impact Energy Corp. (PIEC) received a green lane certificate of endorsement for its 61.551 megawatt-peak (MWp) Capantolan Solar Power Project in Sual town.
The BOI said the planned solar park has been registered with the agency, making it eligible for investment incentives.
With this endorsement, the BOI committed to continuously coordinate with relevant national and local government agencies to help address permitting and regulatory concerns.
The Capantolan solar project forms part of PIEC’s plans to build renewable energy facilities in the country. These include the Albay Wind Power Project in Ligao and Guinobatan and the Malasiqui Solar Power Project in Pangasinan.
“We’re actively developing clean energy projects across Southeast Asia, but the Philippines stands out as one of the most supportive environments for renewable energy investment,” said James Timko, managing director of Pacific Impact Development.
The Singapore-based group, a development service provider in sustainable infrastructure projects across Asia, established PIEC last year to establish its presence in the Philippines.
“With the green lane framework, the Philippines offers an ecosystem for enabling infrastructure. This is exactly the kind of program we look for when scaling climate-aligned energy solutions,” he added.
According to the BOI, the Capantolan project shows PIEC’s strategic approach to develop a comprehensive clean energy portfolio to significantly contribute to the country’s renewable energy infrastructure.
The solar project is expected to lower electricity costs, strengthen energy independence and promote environmental sustainability by actively engaging local communities.
During the construction phase, it will provide jobs for about 400 workers in engineering, supply, transportation and related fields, while maintaining long-term operational roles for plant engineers, operators and support staff.
