.png){kind=logo}
2 days ago
3
Upgrade to High-Speed Internet for only ₱1499/month!
Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.
Visit Suniway.ph to learn
Alden Monzon - The Philippine Star
December 12, 2025 | 12:00am
In a statement, the Board of Investments (BOI) said it met with representatives of the firm to discuss potential ventures and support services.
Philstar.com / Irish Lising
MANILA, Philippines — Grupo Enhol, a Spanish renewable energy developer, is exploring investment opportunities in the country, focusing on renewable energy projects, energy storage systems and related infrastructure.
In a statement, the Board of Investments (BOI) said it met with representatives of the firm to discuss potential ventures and support services.
“The BOI also reaffirmed its commitment to providing the whole of government support to strategic investments that advance the country’s renewable energy goals and strengthen the Philippines’ position as a hub for innovation and sustainability-driven industries,” said the investment promotions body under the Department of Trade and Industry.
The meeting was led by Spanish Ambassador Philippe Lhuillier and BOI officials, with participation from the Department of Energy, Global Capability Center Council Philippines and the Bureau of Internal Revenue.
Earlier this week, the BOI said that P1.42 trillion worth of renewable energy projects were approved from January to November.
This accounts for 73.96 percent of the P1.92 trillion that were greenlighted during the 11-month period.
Investments approved and registered under the BOI are given a number of incentives, including income tax holidays, and a preferential tax rate on gross income.
Additionally, they enjoy zero value-added taxes rating and tax- and duty-free importation of capital equipment, raw materials and supplies.
Grupo Enhol expansion plans come at a time when most of the country’s power plants run on coal and diesel, leaving electricity prices exposed to swings in the global coal and oil markets.
The government is currently aiming to raise the share of renewable energy in the country’s power generation mix to 35 percent by 2030 and to 50 percent by 2040.
