Boosting the renewable energy sector in the Philippines, the Board of Investments (BOI), through its One-Stop Action Center for Strategic Investments (OSACSI), granted a green lane certificate for a solar power project that will soon rise in the Municipality of Burgos, Pangasinan.

DTI Undersecretary and BOI Managing Head Ceferino S. Rodolfo handed the Green Lane Certificate of Endorsement to Burgos Pangasinan Solar Energy Corporation (BPSEC) officials led by its Representative, Mr. Kyle A. Mina, during a brief awarding ceremony at the BOI Main Office on January 31, 2024.

Making It Happen with BPSEC: Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo (fourth from left) awarded the Green Lane Certification to Mr. Kyle A. Mina, Representative of BPSEC and President, Rising Renewables Holdings, Inc. (fifth from left), at the BOI Head Office in Makati City.

The photo shows (L-R): Ms. Hershey Serrano of the BOI’s Investments Assistance Service (IAS), Mr. Lubin De Vera Jr., BOI-IAS Chief, BOI-IAS Director Ernesto Delos Reyes Jr., Undersecretary Rodolfo, Mr. Mina, BOI Executive Director Atty. Bobby Fondevilla, and Ms. Kizia Aubrey C. Cruz, Junior Developer of Rising Renewables Holdings Inc.

Expected to operate in September 2026, the project is a ground-mount solar power plant over an area of approximately 71.5 hectares with a target installed capacity of 65 MWp or 50 MWac.The firm’s activity was awarded the Solar Energy Operating Contract by the Department of Energy (DOE) in December 2023, which supports the DOE’s national target of 35% renewable energy (RE) share in the power generation mix by 2030.

Providing socio-economic impact during its construction and operations, the project is projected to generate over 500 jobs for Filipinos.

BPSEC is a Special Purpose Vehicle (SPV), duly registered under the Securities and Exchange Commission (SEC), specifically created to develop the solar power project. BPSEC is a development company of Rising Renewables Holdings, Inc. (RRHI), a registered Filipino RE platform focused on initiating and developing high-quality RE assets for both foreign and local investors.

“We would like to thank the BOI for extending their support to the Burgos Pangasinan Solar Power Project with the grant of the Green Lane Endorsement. With the BOI’s support, we look forward to collaborating with all the concerned local and national agencies in the completion of the project’s permitting requirements and in achieving our shared goal of getting more clean energy into the grid as early as we can,” said Mr. Mina.

OSAC-SI will coordinate with the local officials of the Province of Pangasinan to endorse the project to facilitate its permitting and licensing processes at the local level.

Two wind power projects will soon operate in Western Visayas, as the Philippine Board of Investments (BOI), through its One-Stop Action Center for Strategic Investments (OSACSI), granted green lane certificates to the partnership of the Triconti Windkraft and Sea Wind Holdings AG on January 12, 2024.

Trade Undersecretary and BOI Managing Head Ceferino Rodolfo handed the Green Lane Certificate of Endorsement to the officials of the Triconti Windkraft Group (TWG) during a brief awarding ceremony at the BOI Main Office.

Making It Happen with Triconti Windkraft: Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo (fourth from left) awarded the Green Lane Certification to Bjorn Rosenberger, Director and Head of Offshore Projects (fifth from left), at the BOI Head Office in Makati City.

The photo shows (L-R): Mr. Lubin R. De Vera Jr., OSACSI Chief, OSACSI Director Ernesto C. Delos Reyes Jr., Mr. Theo C. Sunico, Director for the firm’s Regulatory and Markets; Undersecretary Rodolfo, Mr. Rosenberger; Ms. Lilibeth M. Rosenberger, Triconti Windkraft Group President and CEO; and Ms. Hannah Jamaign Barroquillo of the Investment Assistance Center.

Guimaras Strait Wind Power Project (under Triconti Southwind Corporation) and Guimaras Strait II Wind Power Project under (Jet Stream Windkraft Corporation) were among the first awarded Offshore Wind Energy Service Contracts by the Department of Energy. With a combined initial investment cost of Php 221.6 billion, the two projects will operate offshore Negros Occidental and Iloilo Province and have a total target capacity of 1.2 GW. The projects are being undertaken in partnership with Sea Wind Holdings AG (Seawind), a Liechtenstein based developer. Together, the Triconti-Seawind partnership is currently developing a total of over 1.65 GW of offshore wind capacity in Luzon and the Visayas.

Significantly, the projects will engender huge economic impacts for Filipinos, projected to generate 3,600 direct and indirect jobs. Aside from the demand for local labor, the project will boost the economic activity in Negros and Iloilo because of the possible development of eco-tourism.

TWG President and CEO Lilibeth Rosenberger was joined by Director and Head of Offshore Projects Bjorn Rosenberger, and Director of Regulatory and Markets, Theo Sunico. The officials recognized the young and talented demographics of the Philippines which they are eager to develop and utilize.

The Philippines features an exceptionally high potential for wind energy generation particularly because of the country’s topography. There are already a number of onshore wind projects in the country but TWG was among the first to be awarded contracts to develop such projects.

The company has been helpful to the BOI in identifying industry gaps as well as determining strategies for the promotion and development of the offshore wind industry in the country. As the single point of entry for strategic investments and coordinating body for Green Lanes, OSACSI will play a pivotal role in addressing issues and concerns in the Renewable Energy industry. This streamlined approach ensures the swift materialization of energy investments in the country.