THE government has approved two renewable energy (RE) projects worth P2 billion, the Board of Investments (BOI) announced on Tuesday.
The first one, the P1.99-billion Gamu Solar Power Project of the Intramuros Solar Energy Corp., is located in the municipalities of Gamu and Naguilian in Isabela, with a capacity of 70.786 megawatts peak (MWp).
Operations start in April 2027.
The second is the P17.42-million Richbake Inc. Solar Power Project of PI Energy Inc. in Rosales, Pangasinan, with a capacity of 0.494 megawatts peak (MWp).
It starts operations this March.
“These projects demonstrate Marcos administration’s strong commitment to expanding investments in the country while accelerating the transition to clean energy. We remain focused on mobilizing strategic investments that will generate quality jobs and support long-term energy security for Filipinos,” Trade Secretary and BOI chairperson Cristina Roque said.
The projects align with the Philippine Energy Plan 2023–2050, which aims to increase renewable energy in the power generation mix to 35 percent by 2030, 50 percent by 2040, and more than 50 percent by 2050.
Once operational, the two facilities will contribute to the 984 MW additional capacity to achieve the targeted 694 MW of installed solar capacity under the Clean Energy Scenario by 2050.
“Renewable energy remains a top priority sector for investment promotion. These approvals signal a strong start for 2026... [reinforcing] investor confidence in the Philippines’ clean energy transition,” Trade Undersecretary and BOI Managing head Ceferino Rodolfo said.
In 2025, the BOI certified P1.96 trillion worth of projects under the Green Lane for Strategic Investments.
Of the 81 approved projects, 74.53 percent were in the RE sector and seen to create over 163,000 jobs. Chynna Grace Ong