en.Wedoany.com Reported - According to data from the Philippine Board of Investments (BOI), in the first five months of 2026, the government certified 13 renewable energy projects through the Green Lane Initiative, with a total investment of PHP 344.62 billion, accounting for 99.6% of the PHP 346 billion total investment approved under the initiative during the same period.

Data from the Philippine Board of Investments (BOI) shows that these projects are expected to create approximately 38,716 direct jobs, representing 99.7% of the total employment target of 38,818 under the Green Lane Initiative for the same period. Energy Secretary Sharon S. Garin stated that the strong investment inflows indicate growing investor confidence in the Philippines' clean energy sector and reinforce the country's position as an ideal destination for renewable energy development.

The Department of Energy noted that these projects will not only create jobs in engineering, construction, technical services, and project operations but will also play a key role in meeting the growing electricity demand driven by economic growth and increased household electrification rates.

Since the implementation of the Green Lane Initiative under Executive Order No. 18 in February 2023, the Board of Investments has certified 237 projects with a total value of PHP 6.32 trillion, expected to create 420,037 jobs. Renewable energy has become the dominant sector under the initiative, with 182 projects worth PHP 5.41 trillion, accounting for the largest share of the overall investment portfolio.

The Department of Energy attributes the sustained growth in renewable energy investments to streamlined regulatory processes, enhanced policy certainty, and the government's continued support for clean energy development. The department stated that it will work closely with government agencies, local government units, investors, and stakeholders to facilitate project implementation and ensure the efficient progress of certified projects from development to commercial operation.

The Philippines has set a target for renewable energy to account for 35% of the power generation mix by 2030 and 50% by 2040. The Department of Energy stated that it will continue to support investments and policies that position renewable energy as a cornerstone of the country's long-term economic development and energy security strategy.

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