The Department of Energy (DOE) has welcomed the certification of 13 renewable energy (RE) projects worth PHP 344.62 billion under the government’s Green Lane initiative during the first five months of 2026, highlighting the country’s accelerating transition toward clean energy and sustainable economic growth.
According to the Board of Investments (BOI), the 13 renewable energy projects accounted for 99.6% of the PHP 346 billion worth of total Green Lane investments approved between January and May 2026. The projects are also expected to generate approximately 38,716 direct jobs, representing 99.7% of the initiative’s total projected employment target of 38,818 jobs during the same period.
Energy Secretary Sharon S. Garin said the strong investment inflow demonstrates growing investor confidence in the Philippines’ clean energy sector and reinforces the country’s position as an attractive destination for renewable energy development.
The DOE emphasized that the projects will not only create employment opportunities across engineering, construction, technical services, and project operations but will also play a critical role in meeting the country’s rising electricity demand driven by economic growth and increasing household electrification.
Since the implementation of the Green Lane initiative under Executive Order No. 18 in February 2023, the BOI has certified 237 projects valued at PHP 6.32 trillion, with an estimated 420,037 jobs expected to be created. Renewable energy has emerged as the dominant sector within the initiative, accounting for 182 projects worth PHP 5.41 trillion, the largest share of the overall investment portfolio.
The DOE attributed the continued growth in renewable energy investments to streamlined regulatory procedures, enhanced policy certainty, and sustained government support for clean energy development. The department reaffirmed its commitment to working closely with government agencies, local government units, investors, and stakeholders to facilitate project implementation and ensure that certified projects advance efficiently from development to commercial operation.
The Philippines has set ambitious renewable energy targets of achieving a 35% share of renewables in its power generation mix by 2030 and increasing that share to 50% by 2040. The DOE stated that it remains committed to supporting investments and policies that position renewable energy as a cornerstone of the country’s long-term economic development and energy security strategy.
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