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.
The certificate was granted through the BOI’s One-Stop Action Center for Strategic Investments (OSACSI). The project was registered with the BOI, making it eligible for investment incentives.
The Capantolan solar project aims to support the country’s transition to a sustainable energy future, enhance energy security, and help the Philippines achieve its renewable energy targets.
“The Philippines stands out as one of the most supportive environments for renewable energy investment,” said James Timko, managing director of Pacific Impact Development.
“With the Green Lane framework, the Philippines offers an ecosystem for enabling infrastructure. This is exactly the kind of program we look for when scaling climate-aligned energy solutions,” he said.
During its construction, the project is expected to create jobs for about 400 workers in engineering, supply and transportation. Long-term roles for plant engineers, operators, and support staff will also be available. The project is also expected to lower electricity costs and promote environmental sustainability.
The BOI committed to facilitating the project’s implementation by coordinating with national and local government agencies to address permitting and regulatory concerns.
PIEC is also advancing other clean energy ventures in the Philippines, including the Albay Wind Power Project and the Malasiqui Solar Power Project.
As of July 31, 2025, OSACSI has certified 208 projects under the Green Lane initiative, with a total value of P5.478 trillion and an estimated 277,957 jobs created.
The renewable energy sector accounts for 162 of these projects, with a combined value of P5.027 trillion.
