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BOI approves P86-billion worth of solar projects

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Photo: Facebook/Solar Philippines Commercial Rooftop Projects Inc

The Board of Investments (BOI) recently approved the registration of eight solar projects of Solar Philippines Commercial Rooftop Projects, Inc. with a total value of P85.96 billion.

“The firm is at the forefront of producing renewable and affordable energy to address the growing power requirements of the country with the manufacturing resurgence and infrastructure programs in full swing,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said in a statement.

“By taking advantage of the tropical climate of the archipelago, Solar Philippines is not only producing energy through its solar farms but also producing its own solar panels as it aims to become one of the world’s largest solar panel manufacturers and exporters.”

The agency said the projects complied with the Special Laws List of the current Investment Priorities Plan through Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008. — Janina C. Lim