BOI issues green lane certificates to 2 RE projects

The Board of Investments (BOI) has endorsed two renewable energy (RE) initiatives by Nexif Ratch Energy Investments Pte. Ltd. (NREI), with a combined value of P73.9 billion, for streamlined processing under the government’s green lane program.

In a statement released Friday, the BOI announced that it had issued a green lane certificate to the P67-billion Lucena Wind Power Project. This offshore wind energy initiative, spanning Lucena City and Sariaya in Quezon province, is projected to generate 475 megawatts of clean energy.

Similarly, NREI’s P6.9-billion Bacolod Solar Power Plant Project received the same certification. This solar facility, located in Bacolod City and Bago City, Negros Occidental, has a capacity of 150 megawatts peak. Construction began in October 2024, with completion targeted for the fourth quarter of 2025.

The Lucena wind power project is being managed by NREI’s subsidiary, ACX3 Capital Holdings Inc., while its solar energy project will be operated by another subsidiary, Negros PH Solar Inc.

BOI Investment Assistance Service Director Ernesto Delos Reyes Jr. reaffirmed the government’s commitment to supporting investors and expediting the implementation of renewable energy projects.

“Our goal is to facilitate the timely and stress-free completion of your projects. We will be with you every step of the way,” Delos Reyes said.