The Board of Investments (BOI) has granted approval to ACEN Corporation, a company under the Ayala Group, for expedited Green Lane processing of its diverse renewable energy (RE) projects in Laguna Lake. This aligns with the government’s strategy to promote green investments.
Specifically, the BOI has given the green light for Green Lane processing to several ACEN subsidiaries, including SolarAce4, AC Laguna, AC Subic, GigaWind1, and Ingrid Floating Solar Power Plants.
Green Lane status expedites the issuance of permits, licenses, and resolutions of critical investment-related issues. The government, particularly the BOI, is committed to accelerating eco-friendly investments in the country, and Green Lane processing plays a pivotal role in achieving this goal.
These five ACEN RE projects have been identified as strategic investments under Executive Order No. 18, “Constituting Green Lanes for Strategic Investments,” and are expected to be completed between 2026 and 2027.
During an awarding ceremony at the BOI Main Office in Makati City on September 6, Trade Undersecretary and BOI Managing Head Ceferino Rodolfo presented the Green Lane Certificates of Endorsement to ACEN President and CEO Eric Francia.
Here’s a breakdown of the projects:
- SolarAce4 in Santa Cruz, Laguna, will cover 100 hectares of the lake’s surface and have a peak sustainable energy output of 140 MWp (maximum potential power output).
- The AC Laguna Floating Solar Power Plant, spanning 200 hectares of lakefront in Victoria and Pila, Laguna, is set to generate 280 MWp of renewable energy.
- AC SUBIC Floating Solar Power Plant, covering 200 hectares in Victoria and Santa Cruz, Laguna, aims to produce 280 MWp of renewable energy.
- GigaWind1 Floating Solar Power Plant spread over 200 hectares in Kalayaan and Paete, Laguna, will generate 280 MWp of renewable electricity.
- Ingrid Floating Solar Power Plant, situated on 100 hectares of lakeshore near Lumban, Laguna, will produce 140 MWp of green energy.
ACEN has gained recognition as the first energy company in Southeast Asia to unveil a Net Zero roadmap, positioning itself at the forefront of the renewables revolution in the Asia Pacific region.