THE Board of Investments (BOI) said that the investment pledges coming from the foreign sources has lifted the approvals, the country’s leading investment promotion agency (IPA), in the first 10 months of the year. According to a statement from the BOI, the foreign investment approvals increased 567 percent or P757.33 billion from January to September 2023. It comes from P113.49 billion in the same period a year ago. For the month of October, the BOI said that there are three offshore wind projects from the Danish firm Copenhagen Infrastructure New Markets Fund (CINMF) worth P329.74 billion. The Department of Energy said on March 30 that they awarded the service contracts to CINMF for its offshore wind projects in Camarines Norte and Camarines Sur. It has a total capacity of 1,000 megawatts, 650 MW in Northern Samar, and 350 MW in Pangasinan and La Union. The project is expected to create 230 jobs. “This project is an example of the foreign investors’ deepening interest in investing in the Philippines. It also shows that we are positioning our country as an ideal investment of choice, especially in green investments such as in renewable energy and green metals,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said.