Manila, August 5. Last Thursday, as part of the Philippines’ government goal to facilitate green investments in local projects, the Board of Investments (BOI) awarded the Green Lane Certificate of Endorsement to The Blue Circle (TBC) for three of its onshore wind energy projects. The awarded projects are the Kalayaan 4 Wind Energy Project, located in Laguna and Quezon provinces with a capacity of 303.8 MW, the Baao Wind Energy Project located in Camarines Sur province with a capacity of 210.8 MW and the Ibajay Wind Energy Project, located in Aklan and Antique provinces with a capacity of 80.6 MW.
In accordance with Executive Order No. 18 on “Constituting Green Lanes for Strategic Investments,” from President Ferdinand Marcos Jr., these three projects will now be considered as strategic investments for the Philippines. Obtaining green lane status serves to expedite permit and license issuance, including resolving strategic investment issues.
“We are very pleased to receive these three awards for our Kalayaan 4, Baao and Ibajay projects, and honored by the continuous trust that has been placed in us by the BOI. We reiterate our steadfast commitment to delivering clean electricity to the Philippines in the fastest way we can, as we are actively developing these three projects to match the country’s RE targets by 2030. This is also illustrated by our Kalayaan 2 project which was the first onshore wind project to be awarded the Green Lane Certificate of Endorsement and has notably been the fastest to reach ready-to-build status among all Greenlane awarded wind projects.”, says Olivier Duguet, Chairman & CEO of TBC.
TBC owns an overall portfolio of more than 2.5 GW worth of attributable capacity all coming from renewable energy projects under development or construction in the Philippines, with its first project of Kalayaan 2 slated for commissioning by mid-2026.
Aligned with the Department of Energy’s 35% target of renewable energy in the power generation mix by 2030, these three projects will contribute to accelerate the Philippines’ goal to reduce harmful greenhouse gas emissions while promoting economic growth in the project’s region and protecting the health and environment of its stakeholders.
About The Blue Circle. Founded in 2013, The Blue Circle identifies, develops, finances, owns and operates renewable energy projects in Southeast Asia. The Blue Circle uses the most advanced technology to build responsible and sustainable projects in harmony with the local communities. Having offices in Singapore, Ho Chi Minh City, Bangkok, Phnom Penh and Manila, as well as in house wind engineering and construction management teams, The Blue Circle is the leading Southeast Asia clean power company. Its teams are committed to changing the world one green electron at a time.