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Two newly approved solar energy projects worth over ₱2 billion are poised to boost renewable energy generation in northern and central Luzon, underscoring the Philippines’ continuing shift toward a cleaner and more secure power future.
The Board of Investments (BOI) recently cleared the registration of two renewable energy ventures: the ₱1.99 billion Gamu Solar Power Project of Intramuros Solar Energy Corp. in Isabela and the ₱17.42 million Richbake Inc. Solar Power Project of PI Energy Inc. in Pangasinan.
The Gamu project, spanning the municipalities of Gamu and Naguilian, will have a capacity of 70.786 megawatts peak (MWp) and is expected to begin commercial operations by April 2027. Meanwhile, the Pangasinan facility in Rosales will produce 0.494 MWp of clean power once it starts operating in March 2026.
Both projects qualify for fiscal and non-fiscal incentives under BOI registration, part of the government’s effort to expand renewable energy (RE) investments nationwide.
Backing The Clean Energy Transition
Trade Secretary and BOI Chair Cristina Roque said the approvals reflect the Marcos administration’s commitment to accelerating the country’s clean energy transition.
“We remain focused on mobilizing strategic investments that will generate quality jobs and support long-term energy security for Filipinos,” Roque said.
The two solar facilities are expected to contribute to the Philippine Energy Plan (PEP) 2023–2050, which targets increasing the RE share in the power generation mix to at least 35 percent by 2030, 50 percent by 2040, and more than 50 percent by 2050.
According to the BOI, these installations will help meet part of the 984 MW additional solar capacity needed to achieve the PEP’s clean energy scenario by 2050.
Local Impact And National Goals
Beyond national targets, the projects promise local economic benefits. Isabela’s 70-MWp solar farm is expected to improve electricity stability in northeastern Luzon while creating green-energy jobs during its construction and operation.
In Pangasinan, the smaller facility in Rosales will help local industries such as food manufacturing and agriculture reduce dependence on fossil fuels and cut power costs.
Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said the approvals also send a positive signal to investors about the Philippines’ policy direction.
“Renewable energy remains a top priority sector for investment promotion. These approvals signal a strong start for 2026 in terms of investment generation and reinforce investor confidence in the country’s clean energy transition,” Rodolfo noted.
Sustaining Momentum In Green Investments
The BOI said renewable energy continues to dominate investment approvals. In 2025, the agency endorsed ₱1.96 trillion worth of projects under the Green Lane for Strategic Investments, with nearly 75 percent involving renewable energy ventures. These are projected to create more than 163,000 jobs nationwide.
As the country’s lead investment promotion agency, the Department of Trade and Industry–BOI said it will continue to pursue high-impact, sustainable investments that align with its goal of building a resilient, low-carbon economy.
Together, the Isabela and Pangasinan solar projects mark small but meaningful steps toward a future where communities, and the nation as a whole, draw more of their power from the sun.
Source:
https://mb.com.ph/2026/01/20/boi-greenlights-2-billion-solar-projects-to-kick-off-2026
https://tribune.net.ph/2026/01/20/boi-approves-over-p2b-in-renewable-energy-projects
https://business.inquirer.net/568044/green-lane-investments-climb-to-p6-11t-says-boi