BOI 'green lane' processing ACEN's solar projects

The Board of Investments (BOI) has approved Ayala-led ACEN Corporation's request for Green Lane processing of its various renewable energy (RE) ventures in Laguna Lake, in line with the government's green investment strategy.

Specifically, the BOI approved ACEN subsidiaries SolarAce4, AC Laguna, AC Subic, GigaWind1, and Ingrid Floating Solar Power Plants for Green Lane processing. 

Having Green Lane status speeds up the issuance of permits and licenses, as well as resolving problems with critical investments.  The government, the BOI especially, has a mission to accelerate the growth of eco-friendly investments in the country and the Green Lane processing will help. 

The five RE ACEN projects have been identified and designated as strategic investments under Executive Order No. 18, or "Constituting Green Lanes for Strategic Investments," and are anticipated to be finished by 2026 and 2027.  

Trade Undersecretary and BOI Managing Head Ceferino Rodolfo awarded the Green Lane Certificates of Endorsement to ACEN President and CEO Eric Francia in an awarding ceremony held at the BOI Main Office in Makati City last Sept. 6.  

In Santa Cruz, Laguna, SolarAce4 will cover 100 hectares of the lake's surface and generate 140 MWp (maximum potential power output) of sustainable energy at its peak.

280MWp of renewable energy will be produced by the AC Laguna Floating Solar Power Plant, which is situated on 200 hectares of lakefront in Victoria and Pila, Laguna.

In Victoria and Santa Cruz, Laguna, the 200-hectare AC SUBIC Floating Solar Power Plant is set to generate 280MWp of renewable energy.

The 200-hectare GigaWind1 Floating Solar Power Plant in Kalayaan and Paete, Laguna, will produce 280 MWp of renewable electricity.

The Ingrid Floating Solar Power Plant, which will generate 140MWp of green energy, is situated on 100 hectares of lakeshore near Lumban, Laguna.  

ACEN is the first energy company in Southeast Asia to announce a Net Zero roadmap at the forefront of Asia Pacific’s renewables revolution.

Established in 2011, ACEN is the Ayala Group's renewable energy platform, aiming to become Southeast Asia's largest listed platform by 2030, with key markets including the Philippines, Australia, Vietnam, Indonesia, and India. (Ma. Joselie C. Garcia)