THE Board of Investments has endorsed for green lane service new solar and wind energy projects in Camarines Sur.Trade Undersecretary and BoI Managing Head Ceferino Rodolfo said the agency granted the certificate of green lane endorsement to Nexif Ratch Energy Investments for two renewable energy projects with a total investment of almost P64 billion.
Target construction is scheduled to begin in the first quarter of 2026 and target commercial operations are expected by 2028.The BoI said that the output of the two projects will be auctioned through the DoE's Green Energy Auction Program, with alternative plans to sell electricity through a power sales agreement or the Wholesale Electricity Spot Market.NREI is a joint venture between Singapore-based Nexif Energy and Thailand-based Ratch Group established in 2011.