‘Green lane’ pipeline flat in May
A newly approved project failed to expand the government’s “green lane” investment pipeline in May after a larger renewable energy venture exited the program.
According to the latest data from the Board of Investments, the pipeline of green lane investments remained unchanged at P6.32 trillion as of May 31. This was lower than the P6.43 trillion recorded from the program’s launch in February 2023 through March.
Only one project worth P5.53 billion was added to the pipeline during the month.
Meanwhile, a renewable energy project worth P12.06 billion was removed after surrendering its service contract with the Department of Energy. This brought the total value of renewable energy projects delisted from the pipeline this year to P137.47 billion.
These removals also reduced the program’s projected employment generation to 420,037 jobs from 421,451 jobs in April.
Even with the delistings, renewable energy remained the dominant segment of the pipeline, accounting for 182 projects worth P5.41 trillion, or 85.68 percent of total endorsed investments. These projects, concentrated in Calabarzon, the Ilocos Region and Central Luzon, are expected to generate 271,169 jobs.
Digital infrastructure ranked second in terms of investment value, with nine projects worth P401.69 billion. The sector also attracted P333.13 billion in foreign investments and is expected to create 20,376 jobs.
Meanwhile, five public-private partnership, infrastructure and water projects accounted for P416.08 billion in investments and were projected to generate 113,263 jobs.
