The government’s Green Lane initiative is accelerating major renewable energy investments, with the Board of Investments stepping up efforts to fast-track four offshore and onshore wind projects worth a combined P360.67 billion.
During a May 11 consultation, Copenhagen Infrastructure Partners (CIP) Philippines credited the BOI and its One Stop Action Center for Strategic Investments (OSAC-SI) for helping advance projects under the Green Lane program, aimed at cutting red tape for strategic investments.
The projects include the 350-megawatt Dagupan offshore wind project, the 650-MW Samar Norte offshore wind project, the 1,000-MW San Miguel Bay offshore wind project, and the 300-MW San Jose onshore wind project.
BOI officials said the consultations are part of proactive monitoring efforts to keep projects on schedule and address regulatory bottlenecks during pre-development stages.
CIP presented project milestones and implementation challenges, while OSAC-SI discussed coordination measures to speed up approvals and issue resolution. The agency is set to convene an inter-agency meeting in June to tackle concerns raised by investors and formulate recommendations.
Established through Executive Order No. 18 in 2023, the Green Lane initiative seeks to streamline permits and clearances through tighter coordination among national agencies and local government units.
