The Board of Investments (BOI) has approved a green lane certificate to a PHP1.9 billion solar power plant project in Pangasinan. In a statement, the BOI told that the 49.9-megawatt Mabini Solar Power Plant Project of Spotlight Power, Inc. (SPI) is likely to begin operations in the second quarter of 2026.
The ground-mounted solar farm, which will be located in Barangay San Pedro in Mabini town, is projected to generate about 150 jobs from pre-development until its commercial operations begin. The SPI, a renewable energy (RE) development company based in the Philippines, focuses on solar photovoltaic (PV) modules and other renewable energy assets.
It is backed by Trina Solar Investment Pte. Ltd. which is an investment arm of Trina Solar Co. Ltd. a global leader in the solar industry focusing on smart PV and energy storage solutions. Executive Order 18, issued on Feb. 24 last year, mandates the creation of green lanes within government agencies.
Through the One-Stop Action Center for Strategic Investments (OSAC-SI), the procedure of granting permits and licenses for strategic energy investments in the country will be speed up by these green lanes. The BOI said the OSAC-SI team would cooperate with local officials in Pangasinan to support the projects and streamline the authorizing and licensing processes.
“As an RE developer, this enhances our efficiency and increases our capability to deliver projects in a timely and effective manner. Because of this, our investors are more confident than ever that we can deliver more projects this year and in the years to come. We would like to thank the entire BOI-OSAC-SI team for this initiative and commend them for the fantastic support they consistently demonstrate in every project we undertake”.
Representatives of SPI and Trina Solar Co Ltd. said, “Green lane is a game changer for renewable energy development. It drives complete transparency and accountability for all the government agencies we rely on to complete our permitting and licensing. This government initiative truly delivers on the promise of easing the process of doing business, especially regarding highly complex requirements that are time-sensitive”.