BOI Approves ₱47B in Investments, Led by Renewable Energy Surge in Early 2026

The Board of Investments (BOI) approved ₱47 billion across 35 projects in January-February 2026, quadrupling last year’s eight projects and signaling robust investor confidence.

Renewables dominated, capturing ₱22.4 billion (47.7% of total), with February alone seeing ₱20.4 billion (55.9% of ₱36.5 billion approved that month), up 27.2% year-on-year. Foreign pledges soared 943.4% to ₱3.1 billion, led by Singapore (₱1.8 billion, including Intramuros Solar Energy Corp.’s ₱1.7 billion), followed by China (₱500 million), Canada, Australia, and the US.

Central Luzon topped regions at ₱21.5 billion, boosted by Aboitiz-led Cleanergy 2 Power’s ₱16.4 billion solar project; Central Visayas followed at ₱8.2 billion.

Trade Secretary Ma. Cristina A. Roque hailed the momentum, “These investments strengthen energy security and accelerate our sustainable transition.” The Philippines targets 35% renewables by 2030 and 65% by 2050, with 25 GW more capacity auctioned by 2035.

BOI eyes ₱1 trillion in full-year approvals, shifting toward minerals, digital infra, and manufacturing.