RENEWABLE energy (RE) projects accounted for nearly all investments approved under the government’s Green Lane initiative in the first five months of 2026, with 13 projects worth P344.62 billion securing certification, according to the Department of Energy (DOE).
“RE is not a side story in our economic growth, it is the headline,” Energy Secretary Sharon Garin said. “The P344.62 billion that investors are committing to RE is proof that the Philippines is a destination for clean energy business, and that Filipino workers will be the first to benefit.”
The projects — which comprised 99.6 percent of the total Green Lane investments approved in the January-to-May period — are expected to generate 38,716 direct jobs, or 99.7 percent of the 38,818 jobs projected from all Green Lane-certified projects for the period.
The Green Lane initiative, mandated by Executive Order 18 in 2023, streamlines the processing of permits and approvals for strategically important investments, including RE projects.
Since the program’s implementation in February 2023, the Board of Investments has certified 237 projects worth P6.32 trillion with more than 420,000 jobs.
Of the total, RE projects accounted for 182 certifications valued at P5.41 trillion.
The DOE said the influx of investments comes as the country seeks to expand power generation capacity to meet rising electricity demand driven by economic growth and increasing electrification.
“Every megawatt of solar, wind, hydro and geothermal power we bring online is a community energized, and a step closer to true energy independence,” Garin said.
Streamlined regulations, greater policy certainty and continued government support have helped draw investors into the RE sector.
The country is targeting RE to account for 35 percent of its power generation mix by 2030 and 50 percent by 2040.
