PEZA-approved RE investments hit P97 billion

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June 25, 2026 | 12:00am

MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) has approved P97 billion worth of renewable energy (RE) investments, reflecting confidence in the country’s energy sector.

Speaking at the PhilEnergy 2026 yesterday, PEZA director general Tereso Panga said the agency has approved 21 premier solar manufacturing and RE enterprise projects, generating over P97 billion in investments to date.

These investments are expected to create more than 1,300 jobs for Filipino workers.

 “These milestones demonstrate that the Philippines — through our ecozones —has the right combination of policy support, investment incentives and strong public-private partnerships,” Panga said.

With RE identified as a priority sector for investments that can qualify for incentives under the recently approved Strategic Investment Priority Plan, he said that PEZA expects to continue to see strong momentum in RE and green investments in the country.

However, he said that providing policy support is not enough.

 “We need the actual deployment of technology to fully realize these visions to life,” he said.

As such, he said that the PEZA continues to advance policies and programs that seek to encourage more RE investments.

Recently, PEZA teamed up with the Philippine Energy Efficiency Alliance to accelerate energy efficiency and conservation initiatives in ecozones.

In partnership with the International Finance Corp.-World Bank, PEZA is also stepping up efforts to transform ecozones into smart, resilient and eco-industrial hubs by integrating advanced water systems and RE solutions to enhance competitiveness.

To reduce energy costs in ecozones, PEZA has partnered with key energy developers and utilities including Manila Electric Co., Upgrade Energy Philippines and the Philippine National Oil Company for the development of embedded distributed power systems.

PEZA also continues to promote ease of doing business and sustainable development in ecozones.

In particular, PEZA is aligning programs with the Sustainable Development Goals (SDG), especially goal 17 (partnerships for the goals) and goal 7 (affordable and clean energy).

Furthermore, PEZA is strengthening sustainability governance through partnerships with the United Nations Development Program to integrate environmental, social and governance and SDG frameworks in ecozone operations.

In partnership with Japan-based sustainability technology company Zeroboard, PEZA is also helping ecozone locators measure, manage and disclose their greenhouse gas emissions more effectively.