BOI Grants Green Lane Endorsement To ACEN's PHP38-Billion Wind Farm Project

The Board of Investments (BOI) has awarded the Green Lane Certificate of Endorsement to ACEN for its PHP37.7-billion ISLA Wind Project spanning the provinces of Laguna and Quezon.

Ayala Corp.'s subsidiary anticipates creating approximately 1,540 jobs through this onshore wind project. I Photo: Isla Gran Viento

This endorsement is expected to expedite permits and licenses for the project, set to produce 335 megawatts of clean energy by the fourth quarter of 2025, supplying to the grid.

Ayala Corp.'s subsidiary anticipates creating approximately 1,540 jobs through this onshore wind project.

Rodrigo San Pedro Jr., ACEN Senior Vice President for Development, expressed gratitude, stating, “We're grateful for the BOI for the green lane endorsement to help expedite processes and requirements for our new landmark wind project. This support sets the precedent for our continuous collaboration with the government to accelerate the country’s renewables share.”

ACEN, with investments in Australia, Indonesia, Vietnam, and India, aims to become the largest renewable energy company in Southeast Asia by building 20 GW of clean energy by 2030.

Green lane certificates, given by the BOI through its One-Stop Action Center for Strategic Investments, are awarded to projects aligned with the government’s goal under the Philippine Development Plan 2023-2028.

President Ferdinand R. Marcos Jr. signed Executive Order No. 18 in February 2023, providing green lane treatment to projects with significant economic impact.

WEEKLY FEATURE : Jose Mari Chan And The Christmas Anthem