Uzbekistan’s growth ambitions collide with shrinking water supplies
6 hours ago
The Philippines’ Department of Energy has welcomed the certification of 13 renewable energy projects valued at PHP344.62bn ($5.7bn) under the government’s Green Lane initiative in the first five months of 2026.
According to the Board of Investments, the projects account for 99.6% of the PHP346bn in Green Lane investments approved during the period, POWERLINE writes. The approvals are expected to generate around 38,716 direct jobs across the sector.
The Department of Energy said the projects reflect strong investor confidence in the country’s renewable energy industry. It added that the investments would help address rising electricity demand while supporting job creation in engineering, construction, technical services and operations.
The Green Lane initiative is designed to accelerate the approval process for strategic investments, particularly in sectors considered critical to economic development. Renewable energy has been a key focus as the Philippines seeks to expand clean power capacity and reduce reliance on imported fossil fuels.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Content
bneGREEN
Uzbekistan’s growth ambitions collide with shrinking water supplies
Country's plans to expand agricultural production, industrial output and exports are running into an increasingly uncomfortable and stark reality.
Hungary's Futureal Gruop enters Baltic energy storage market with Latvian acquisition
The Baltic power system is undergoing structural change following the 2025 integration of Estonia, Latvia, and Lithuania into the continental European electricity grid.
Vietnam expands wind power ambitions for 2030
Vietnam is betting on wind power to fuel its green transition amid the energy uncertainty, while fuel price is changeable.
OMV Petrom to invest €300mn in solar and storage project in Bulgaria
OMV Petrom will build a large-scale solar and battery storage project in Bulgaria, in a further expansion of its renewable energy portfolio in Southeast Europe.
