P12.4-B Pampanga solar power project receives Green Lane nod
BoI
Daily TribuneBoI
To facilitate its quick realization, the TIGON Power Corporation’s solar power projects in the City of Mabalacat and the Municipality of Magalang in Pampanga received a green lane certification from the Board of Investments (BoI).
The latest development is seen as a boost to the renewable energy sector in the Philippines.
BoI Executive Director of the Investments Assistance Center, Atty. Bobby Fondevilla of the BoI-One-Stop Action Center for Strategic Investments, awarded the Green Lane Certificate of Endorsement to Sapang Balen Solar Sustainable Energy Corporation (SBSSEC) officials, led by Mayleen Ting, president and CEO, during a brief awarding ceremony at the BOI Main Office on 22 January 2025.
The project is a ground-mounted solar power plant covering an aggregate area of 405.52 hectares with a target installed capacity of 301.580 MWDC/246.604 MWAC.
Additionally, the solar power project is expected to generate up to 5,000 direct and indirect employment opportunities during its stages of construction, commissioning, operations, and maintenance.
SBSSEC is a Special Purpose Vehicle (SPV), duly registered under the Securities and Exchange Commission, specifically created to develop the solar power project.
It is a development company of TIGON Power Corporation, formed in 2021 to hold various renewable energy projects.
To date, TIGON Power has a total project capacity of almost 1GWp, highlighting its commitment to sustainable power generation in the country.
“OSACSI will continuously monitor the actions taken by agencies on applications for permits and licenses and shall submit a report accordingly,” the BoI said.
The Green Lanes, established through Executive Order No. 18 in February 2023, aim to speed up and simplify permit and licensing processes for strategic investments, driving economic growth and innovation in the Philippines.
As of 17 January 2025, the BoI-OSACSI has endorsed 179 Strategic Investments, amounting to P4.55 trillion, with activities related to renewable energy, food security, digital infrastructure, and manufacturing industries.