The Board of Investments (BOI) has awarded a Green Lane Certificate of Endorsement to a P6 billion, 180 MWp solar power project in Bicol region, accelerating the country’s clean energy transition.
The project, led by Citadel Energy Corp. (CEC), a subsidiary of Zenith Renewable Energy Corp. (ZREC), is set to become one of the largest solar power facilities in the Bicol region. Located in San Vicente, Camarines Norte, the plant is expected to boost the country’s energy security and sustainability once operational.
The project is the latest to benefit from the Green Lane Program, established by Executive Order No. 18. The program grants qualified strategic, high-impact investments expedited processing to reduce bureaucratic delays.
This is the second Green Lane Certificate for ZREC. The company also received one in December 2023 for its 49.9-MW Mabini Solar Power Plant Project in Pangasinan, which is scheduled to begin operations in 2026.
ZREC also joined the BOI at the Financing for Development (FFD4) conference in Seville, Spain, in June 2025 where it showcased the 50 MWac Libmanan Solar Energy Project as part of the Philippines’ portfolio of bankable, climate-aligned investment-ready projects.
The awarding ceremony was held on Aug. 11, 2025, at the Seda Hotel in Taguig City. Attendees included key figures from the government, industry and local government units.
The BOI said it remains committed to championing strategic, sustainable and inclusive investments that drive economic growth and support the country’s long-term climate goals.
