The Board of Investments (BOI) has endorsed two renewable energy (RE) projects of Nexif Ratch Energy Investments Pte. Ltd. (NREI) worth P73.9 billion for green lane treatment at the national and local government levels.

The BOI said it has awarded the green lane certificate to the P67-billion Lucena Wind Power Project.

The offshore wind project encompassing Lucena City and Sariaya in Quezon province is expected to produce 475 megawatts (MW) of clean energy.

The NREI’s P6.9-billion Bacolod Solar Power Plant Project was also issued with green lane certificate.

The 150-MW peak solar energy in Bacolod City and Bago City, Negros Occidental already started construction in October 2024, with completion eyed in the fourth quarter next year.

The NREI’s subsidiary ACX3 Capital Holdings Inc. (ACX3) is overseeing the Lucena wind power project while its other unit, Negros PH Solar Inc., will operate the solar project.

BOI Investment Assistance Service Director Ernesto Delos Reyes Jr. assured the investors of the government’s support to accelerate the deployment of their investments.

“Our goal is to facilitate the timely and stress-free completion of your projects. We will be with you every step of the way,” Delos Reyes said.