MANILA: The Board of Investments (BOI) has granted a green lane certificate to a PHP1.9 billion solar power plant project, which will be located in Pangasinan.
In a statement on Tuesday, the BOI said the 49.9-megawatt Mabini Solar Power Plant Project of Spotlight Power, Inc. (SPI) is expected to commence operations in the second quarter of 2026.
The ground-mounted solar farm, which will be located in Barangay San Pedro in Mabini town, is projected to generate about 150 jobs from pre-development until its commercial operations begin.
The SPI, a renewable energy (RE) development company based in the Philippines, focuses on solar photovoltaic (PV) modules and other renewable energy assets.
It is backed by Trina Solar Investment Pte. Ltd., an investment arm of Trina Solar Co. Ltd., a global leader in the solar industry focusing on smart PV and energy storage solutions.
Executive Order 18, issued on Feb. 24 last year, mandates the creation of green lanes within government agencies.
Through the One-Stop Actio
n Center for Strategic Investments (OSAC-SI), the process of granting permits and licenses for strategic energy investments in the country will be expedited by these green lanes.
The BOI said the OSAC-SI team would collaborate with local officials in Pangasinan to support the projects and streamline the permitting and licensing processes.
‘Green lane is a game changer for renewable energy development. It drives complete transparency and accountability for all the government agencies we rely on to complete our permitting and licensing. This government initiative truly delivers on the promise of easing the process of doing business, especially regarding highly complex requirements that are time-sensitive,’ representatives of SPI and Trina Solar Co., Ltd. said.
‘As an RE developer, this enhances our efficiency and increases our capability to deliver projects in a timely and effective manner. Because of this, our investors are more confident than ever that we can deliver more projects this year and in the year
s to come. We would like to thank the entire BOI-OSAC-SI team for this initiative and commend them for the fantastic support they consistently demonstrate in every project we undertake.’
Source: Philippines News agency