BOI endorses Green Lane Certificate for P12.4-B Solar Power Project in Pampanga

Making It Happen with SBSSEC. Investments Assistance Center (IAC) Executive Director Atty. Bobby Fondevilla (third from left) hands over the green lane certificate to Ms. Mayleen Ting, President and CEO of Sapang Balen Solar Sustainable Energy Corp (SBSSEC) (fourth from left) during an awarding ceremony at the BOI Main Office on Jan. 22, 2025.

Other officials in the photo are the following (L-R): BOI’s One Stop Action Center for Strategic Investments (OSAC-SI) staff, Ms. Bea Castro; BOI OSAC-SI Director Ernesto C. Delos Reyes Jr, Ms. Pay Wong of SBSSEC, Mr. Lubin de Vera, Division Chief of the BOI IAS; Ms. Justin Sabater of SBSSEC; and Atty. Barbie Gregorio of SBSSEC.

MAKATI CITY – Boosting the renewable energy sector in the Philippines, the Board of Investments (BOI), through its One-Stop Action Center for Strategic Investments (OSACSI), granted a green lane certificate for one of TIGON Power Corporation’s solar power projects that will soon rise in the City of Mabalacat and the Municipality of Magalang in Pampanga.

BOI Executive Director of the Investments Assistance Center, Atty. Bobby G. Fondevilla awarded the Green Lane Certificate of Endorsement to Sapang Balen Solar Sustainable Energy Corporation (SBSSEC) officials led by Ms. Mayleen Ting, President and CEO, during a brief awarding ceremony at the BOI Main Office on January 22, 2025.

The project is a ground-mounted solar power plant over an aggregate area of 405.52 hectares with a target installed capacity of 301.580 MWDC/246.604 MWAC.

The project is also expected to generate up to 5000 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 (SEC), 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. Currently, Tigon Power has a total project capacity of almost 1GWp, highlighting its commitment to sustainable power generation in the country.

OSAC-SI will continuously monitor the actions taken by agencies on applications for permits and licenses and shall submit a report accordingly.

The Green Lanes, established through Executive Order No. 18 in February 2023, aims to speed up and simplify the permit and licensing processes for strategic investments, driving economic growth and innovation in the Philippines.

As of January 17, 2025, the BOI OSACSI has endorsed 179 Strategic Investments, amounting to Php4.55 trillion. These projects were mostly activities relating to renewable energy, food security, digital infrastructure, and manufacturing industries. –END-