The Philippine Economic Zone Authority (PEZA) has approved more than P97 billion worth of solar manufacturing and renewable energy-related projects as it seeks to attract more green investments into economic zones, RenewableEnergy.ph reported.
Speaking at PhilEnergy 2026, PEZA Director General Tereso Panga said the agency has approved 21 renewable energy-related projects that are expected to generate more than 1,300 jobs.
“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.
PEZA is also working with Meralco, Upgrade Energy Philippines and the Philippine National Oil Company to develop embedded distributed power systems within ecozones to reduce dependence on the national grid and help locators secure more competitive electricity rates.
Among the projects in the pipeline are 10-megawatt solar facilities in the Cavite and Baguio economic zones. PEZA is also collaborating with the International Finance Corp., the Philippine Energy Efficiency Alliance, the United Nations Development Programme and Japan-based Zeroboard on sustainability, energy efficiency and emissions management initiatives.
As of May, PEZA had approved P124.84 billion worth of investments across all sectors, led by manufacturing and information technology-business process management projects.