BOI awards green lane status to UGEP solar projects in Zambales and Capiz
- February 28, 2025
The Board of Investments (BOI) announced that it awarded Green Lane Certificates of Endorsement to two solar power projects of Upgrade Energy Philippines, Inc. (UGEP), the P2.11-billion Cabangan Solar Project in Zambales and the P1.51-billion Pontevedra Solar Power Project in Capiz.
A green lane status expedites government processes, such as permit and license issuance, for strategic, high-impact investments. Strategic investments are “aligned with the Philippine Development Plan or any similar national development plan and are expected to make a significant contribution to the economy” by bringing in substantial investments and enhancing the country’s infrastructure capabilities.
(Also read: Renewables make up lion’s share of new energy projects in 2025)
The Cabangan project is expected to generate 56.77 megawatts (MW) of renewable energy while the Pontevedra project will generate 47 MW.
In addition to generating renewable energy for the grid, the two solar power facilities will also create up to 331 temporary and permanent jobs during their construction and commissioning phases, followed by long-term roles in operations and maintenance over the 25-year project life.
Established in 2015, UGEP provides commercial and industrial energy consumers with tailored, turn-key renewable energy solutions.
(Also read: DepEd and NEA to energize off-grid schools with solar energy)
“With the Board of Investments’ green lane facilitation, our projects will benefit from streamlined processing of permits and licenses, ensuring swift and efficient collaboration with national and local agencies,” UGEP President and Chief Executive Officer (CEO) Ruth Yu-Owen said.
“This endorsement not only validates our vision but also energizes our resolve to deliver a transformative renewable energy initiative that will power thousands of homes, reduce carbon emissions, and set a bold precedent for future green investments,” Yu-Owen added.
According to the BOI, its One Stop Action Center for Strategic Investments (OSAC-SI) has endorsed 184 projects worth P4.61 trillion for green lane services. Of these, 149 are in the renewable energy sector, with potential investments totaling P4.21 trillion.
Sources:
https://www.pna.gov.ph/articles/1244628
https://ugep-energy.com/ugep_projs/uncategorized/cabangan/
https://boi.gov.ph/boi-grants-green-lane-certificates-to-billion-peso-solar-power-projects-in-ph/
