Vena Energy wind, solar projects get green lane status
By Andrea E. San Juan – February 27, 2025
from Business Mirror
The wind and solar power projects of Singapore-based renewable energy firm Vena Energy’s wind and solar power projects, which cost P75 billion, have been awarded green lane certificates of endorsement, according to the Board of Investments (BOI).
The agency said these projects will be developed across Luzon and Visayas, creating up to 8,000 direct job opportunities during their construction, commissioning, operation, and maintenance.
The certificates were awarded to Opus Solar Energy Corp., Gemini Wind Energy Corp., and Ixus Solar Energy Corp., which BOI said are “special purpose vehicles” of Vena Energy.
The green lane certificates are for the following projects: 416.025 MWp/318.750 MWac Opus Solar Power project of Opus Solar Energy Corp., 200MW Gemini Wind Power Project of Gemini Wind Energy Corp., 301.392 MWp Aguilar Solar Power Project, and 473.616p MW Ixus Bugallon Solar Power Project both of Ixus Solar Energy Corp.
With these recently-awarded projects, the BOI said there are now 184 strategic investments endorsed by the One-Stop Action Center for Strategic Investments (OSAC-SI) under the Green Lane Services, reaching P4.614 trillion as of February 19,2025.
Of these, 149 projects worth P4.211 trillion fall under the renewable energy sector.
As to the other green lane projects, 8 are under the digital infrastructure sector worth P352.13 billion, 23 are under the food security sector worth P14.37 billion and 4 projects are under the manufacturing sector worth P36.91 billion.
The Green Lane initiative, established through Executive Order (EO) 18 in February 2023, streamlines the permitting and licensing process for strategic investments, particularly in renewable energy.
OSAC-SI is the office under the BOI that issues endorsement letters to the Department of Energy (DOE), national government agencies (NGAs), and local government units (LGUs) to facilitate the swift processing within prescribed timelines under EO 18.
The BOI said Vena Energy is a leading renewable energy provider in the Asia-Pacific.
The firm’s diverse renewable energy portfolio includes 43 GW of onshore wind, solar, and offshore wind projects, alongside a green infrastructure pipeline comprising 24 GWh of battery energy storage systems (BESS), 620 MW of data centers, and 840 MTPA of green hydrogen and ammonia production.
With over 1,000 employees across 87 corporate and site offices globally, the company is dedicated to driving widespread adoption of low-carbon energy solutions, the BOI said.
Image credits: www.venaenergy.com
