THE Board of Investments (BOI) is advancing renewable energy development in Northern Luzon with the rollout of two Green Lane-certified solar projects of Vena Energy Group in Ilocos Norte worth a combined P24.3 billion.
The projects include the 74.089-megawatt Astra Solar Energy Corp. project in Currimao valued at P3.76 billion and the 416.025-megawatt Opus Solar Energy Corp. project in Paoay worth P20.541 billion.
Through its One-Stop Action Center for Strategic Investments, the BOI coordinated with project proponents and government agencies to fast-track permits and resolve processing bottlenecks under the Green Lane for Strategic Investments.
As of April 30, 2026, Vena Energy Group had secured 15 Green Lane-certified projects with a combined investment value exceeding P240 billion, supporting the expansion of the country’s renewable energy capacity and infrastructure development agenda.
“These projects reflect the BOI’s continued efforts to translate approved investments into operational projects by accelerating coordination, improving regulatory responsiveness, and supporting investors from pre-development to implementation,” BOI Investment Assistance Center executive-director Bobby Fondevilla said.
The Opus Solar Energy Corp. project, an affiliate of Vena Energy, recently broke ground on its 416.025-megawatt facility in Paoay. The project spans about 190 hectares across Barangays Bacsil and Mumulaan and is expected to become one of the country’s largest utility-scale solar facilities.
Once operational, the Opus Solar project is projected to supply clean energy equivalent to the annual electricity needs of around 445,000 households and reduce greenhouse gas emissions by an estimated 444,400 metric tons annually.
The smaller Astra Solar project, located in Barangay Paguludan-Salindeg, Currimao, covers around 52 hectares and adds to the expanding renewable energy portfolio of Ilocos Norte.
Once operational, the Astra Solar project is expected to generate around 142 gigawatt-hours of clean energy annually, which is enough to supply about 120,500 households while avoiding roughly 95,400 metric tons of greenhouse gas emissions each year.
