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Solar energy

Pacific Impact Energy Corp. Receives Green Lane Certification for Solar Power Project

Strategic Insights

— 1 min read

The Board of Investments (BOI) has awarded a Green Lane Certificate of Endorsement to Pacific Impact Energy Corp. (PIEC) for its 61.551-megawatt-peak (MWp) Capantolan Solar Power Project in Sual, Pangasinan. This certification is a significant milestone for the project, which aims to support the country's transition to a sustainable energy future. With the Green Lane framework, the Philippines offers a favorable environment for renewable energy investments, making it an attractive location for companies like PIEC. The project is expected to create jobs and lower electricity costs, promoting environmental sustainability.

Key Takeaways:

  • The BOI awarded a Green Lane Certificate of Endorsement to Pacific Impact Energy Corp. (PIEC) for its 61.551-megawatt-peak (MWp) Capantolan Solar Power Project in Sual, Pangasinan.
  • The project is expected to create jobs for approximately 400 workers in engineering, supply, and transportation, with long-term roles available for plant engineers, operators, and support staff.
  • The project aims to support the country's transition to a sustainable energy future, enhance energy security, and contribute to achieving renewable energy targets.
  • PIEC is advancing other clean energy ventures in the Philippines, including the Albay Wind Power Project and the Malasiqui Solar Power Project.
  • The Capantolan Solar Power Project is eligible for investment incentives due to its registration with the BOI.
  • James Timko, managing director of Pacific Impact Development, praised the Philippines as one of the most supportive environments for renewable energy investment.

Statistics:

  • The Green Lane initiative has certified 208 projects under OSACSI, with a total value of P5.478 trillion and an estimated 277,957 jobs created (as of July 31, 2025).
  • The renewable energy sector accounts for 162 of these certified projects, with a combined value of P5.027 trillion.
  • The Capantolan Solar Power Project has a capacity of 61.551 MWp.

Sources:

  • Global Data Point. "Pacific Impact Energy Corp. Receives Green Lane Certification for Solar Power Project." SyndiGate Media Inc., 2022.
  • Board of Investments (BOI). "Green Lane Framework."
  • OSACSI. "Project Registry."

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