Copenhagen Infrastructure Partners (CIP) of Denmark will commit USD3 billion to build its first offshore wind farm in the Philippines through its partner ACEN – Renewable Energy Solutions. The project, located in Camarines Sur near San Miguel Bay, follows a May 2025 agreement for CIP to sell a 25 per cent stake in the up to 1 GW San Miguel Bay offshore wind project.
The project will have a total capacity of up to 1 GW. It is CIP’s first offshore wind project in Southeast Asia and forms part of the Philippines’ broader renewable energy transition. The offshore wind farm will include the installation of turbines, foundations, and associated electrical infrastructure connecting to the national grid.
CIP previously signed 25-year Offshore Wind Service Contracts with the Philippines’ Department of Energy for three offshore wind farms totalling 2 GW. The investment is expected to support the Philippines’ shift from fossil fuels to renewable energy, contribute to national energy security, and encourage further foreign participation in the country’s clean energy sector.
