Image: Pyrrhus Cunanan, Unsplash
The Board of Investments of the Philippines has issued a green lane certificate to Terra Solar Philippines for an under-construction project touted as the world’s largest solar panel. The aim of the certification is to streamline development.
The PHP185.28 billion ($3.25 billion) project is expected to include 3.5 GW of solar panels and a 4.5 GWh battery energy storage system. It will cover 3,500 hectares spread across the provinces of Nueva Ecija and Bulacan.
A groundbreaking ceremony took place earlier this year. Construction is progressing in two phases, with the first commercial operation scheduled for February 2026 and the second for February 2027.
The Green Lane Certificate issued by the Board of Investments means the project will benefit from streamlined and expedited permit processing. The accreditation follows a Certificate of Energy Project of National Significance from the Department of Energy received in July, which is awarded to any national energy project with a capital of more than $59 million.
“The basic goal of the Philippines now under this administration is not only to grow – we are already the fastest growing economy in the region – but, more importantly, to transform the Philippine economy into a smart and sustainable hub for manufacturing and services, and precisely in support of that would be the sectors and industries you invest in,” said BOI Undersecretary Ceferino Rodolfo.
According to figures from the International Renewable Energy Agency, the Philippines had 1.7 GW of solar energy at the end of 2023. Authorities predict that up to 2 GW of new solar energy could be added this year.
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