The Philippines’ board of investments (Boi) grants green lane endorsement to the blue circle for the kalayaan 2 wind power project
Manila, October 26, 2023. This Monday, 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 for its Kalayaan 2 wind power project located in the Laguna province (Luzon).
In accordance with Executive Order No. 18 on “Constituting Green Lanes for Strategic Investments,” the Kalayaan 2 project is now confirmed as a strategic investment for the Philippines. Obtaining green lane status expedites permit and license issuance, including resolving strategic investment issues.
BOI Governor Marjorie Ramos-Samaniego awarded the Green Lane Certificate of Endorsement to TBC’s Construction Country Director Mr. Miguel Cruz Moniz with the following TBC representatives also present: Mr Norman Fumar, Legal & Permitting Manager, Ms Grace Targa, Project Development Manager, Mr Amaury Brucker, Communication & Development Support Manager and Ms Daisy Viray, Senior Permitting Officer.
The Blue Circle (TBC), through its 100% subsidiary Laguna Wind Energy Corp. (LWEC), is currently developing the Kalayaan 2 wind power project to spearhead its efforts in increasing its presence in the Philippines. TBC has an overall portfolio of more than 2.5 GW worth of renewable energy projects under development in the entire country.
The Kalayaan 2 project’s footprint will cover 70 hectares of land with an installed capacity of 100.8 MW of clean energy utilizing the latest state-of-the-art wind turbine generator technology.
Aligned with the Department of Energy’s 35% target of renewable energy in the power generation mix by 2030, the Kalayaan 2 project 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.