UPGRADE Energy Philippines Inc. (UGEP) — a project development, engineering, procurement, and construction firm specializing in renewable energy solutions — has been given green-lane certification for two solar power projects worth P3.62 billion, Board of Investments (BOI) announced on Friday.
Executive Order (EO) 18 mandates the provision of green-lane services for high-impact projects, especially those in renewable energy, to secure faster approvals via streamlined inter-agency coordination and local government endorsements.The projects include the 56.771 megawatt (MW) Cabangan Solar Project in Zambales, and the 47.001 MW Pontevedra Solar Project in Capiz, with estimated project costs of P2.11 billion and P1.51 billion, respectively.
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