THE PHILIPPINES’ Board of Investments (BoI) on Thursday said it had endorsed P3.74 trillion worth of renewable energy (RE) projects for green-lane treatment as of Sept. 25, in line with a state goal of boosting RE capacity, reducing carbon emissions and creating local jobs.
In a statement, the investment promotion agency said 114 RE projects had been endorsed to the One-Stop Action Center for Strategic Investments since February 2023.
Of the total, P1.64 trillion worth of investments covering 36 projects were registered with the BoI, while the registrations for the remaining projects worth P2.1 trillion were still being processed.
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