Renewables Lead BOI’s ₱47-B Investment Approvals in Early 2026

Renewable energy and related projects led the ₱47 billion worth of investments approved by the Board of Investments (BOI) from January to February 2026, according to BOI Chair and Trade Secretary Cristina Roque.

Renewable energy has remained the BOI’s leading investment segment over the past three years and continues to dominate its “green lane” program.

A total of 35 projects were approved during the first two months of the year, a sharp increase from eight projects in the same period in 2025.

The energy sector accounted for the largest share of approved investments, totaling ₱22.4 billion or 47.7 percent of the overall amount.

Among the major renewable projects were a ₱16.4-billion solar power development by Cleanenergy 2 Power Inc. and a ₱1.7-billion investment by Singapore-based Intramuros Solar Energy Corp.

Roque said the strong pipeline of energy investments—particularly in renewables—would help strengthen the country’s energy security amid ongoing global supply uncertainties.

“The significant investments in renewable energy will play a crucial role in strengthening our energy security amid current challenges, while accelerating the country’s transition to a more sustainable and resilient energy future,” she said.

Renewable energy has remained the BOI’s leading investment segment over the past three years and continues to dominate its “green lane” program, which fast-tracks permits for strategic projects.

Data showed that of the ₱6.11 trillion worth of projects under the green lane program as of end-2025, ₱5.21 trillion, or 85.27 percent, were in renewable energy, covering 179 projects. These are expected to generate up to 249,801 jobs.

Other sectors contributing to approved investments in the January–February period included accommodation and food service activities at ₱7.6 billion (16.1 percent), real estate at ₱6.4 billion (13.7 percent), manufacturing at ₱5.3 billion (11.4 percent), and transportation and storage at ₱3 billion (6.4 percent).

By region, Central Luzon attracted the largest share at ₱21.5 billion, followed by Central Visayas with ₱8.2 billion, the National Capital Region with ₱4.5 billion, Ilocos Region with ₱3.7 billion, and Mimaropa with ₱2.9 billion.

Foreign investments surged by 943.4 percent to ₱3.1 billion from ₱300 million a year earlier. Singapore emerged as the top source with ₱1.8 billion, followed by China at ₱500 million, and Canada, Australia, and the United States at about ₱200 million each.

In February alone, the BOI approved ₱36.5 billion worth of investments across 21 projects, up 27.2 percent from ₱28.7 billion in the same month last year.

Renewable energy led approvals for the month, accounting for ₱20.4 billion, or 55.9 percent of the total.

The BOI said the sustained rise in project approvals reflects growing investor confidence in the Philippines, alongside continued inflows into high-value and priority sectors.

While renewable energy remains dominant, the agency noted increasing momentum in emerging industries such as electric vehicles, smart manufacturing, semiconductors, high-tech agriculture, and data center infrastructure.