MANILA — The Board of Investments (BOI) closed August endorsing 13 more projects for green lane treatment.
BOI Director Ernesto delos Reyes Jr. shared Wednesday that the 13 additional projects that were granted with green lane certificates have total investments amounting to PHP210.46 billion.
BOI data showed that all of these projects are in the renewable energy (RE) sector.
Eight out of the 13 projects are onshore wind, with investments amounting to PHP110.73 billion, will be located in Nueva Ecija, Zambales, Rizal, Guimaras, Negros Oriental, Agusan del Norte, and South Cotabato. Two of these projects will be located in Agusan del Norte.
Four are solar projects with combined investments of PHP88.33 billion will be built in Pangasinan, Zambales, Tarlac, and Cebu.
One offshore wind project was also endorsed for faster processing of documentary requirements which has an investment of PHP11.4 billion. It will be put up in Iloilo.
BOI, through its One-Stop Action Center for Strategic Investments (OSAC-SI), grants green lane certificates to projects with bigger impact to the economy.
The processing of their permits in the national and local government levels shall be expedited.
Meanwhile, the BOI also said it awarded a green lane certificate to A-FLOW Properties I Corp.’s 36-megawatt ML1 Data Center project in Biñan, Laguna.
The company is a joint venture of Singapore-based FLOW Digital Infrastructure and AyalaLand Logistics Holdings Corp.
Its Biñan project is expected to support the country’s digital infrastructure.
“The green lane certificate awarded to A-FLOW marks a significant milestone in the country's journey towards enhanced digital connectivity. This project sets a new benchmark with its state-of-the-art ML1 Data Center in Biñan City,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said in a statement.
“Given the growing need for larger IT (information technology) capacity, A-FLOW's contribution will be vital in positioning the Philippines as a digital leader in the Asia-Pacific region.” (PNA)
