The Board of Investments (BOI) and the One-Stop Action Center for Strategic Investments (OSACSI) approved for green lane endorsement two offshore wind projects by Vind Energy Corp. representing combined investments of P331 billion.
The projects, located in Cavite and Guimaras, are a major step towards achieving the Philippines’ decarbonization goals with potential output of 1,722 megawatts (MW) of renewable energy.
Trade Undersecretary and BOI managing head Ceferino Rodolfo presented the certificates to Corio Generation development director Alma Roxas-Aguila. Corio is a shareholder of Vind Energy.
“These green lane certifications are crucial for our project development and efforts in helping the country reach its decarbonization targets,” said Roxas-Aguila.
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