CIP selects partner for Camarines Sur offshore wind project

Wind Energy – Philippines

ACEN, part of Ayala group, has signed an agreement with Copenhagen Infrastructure Partners (CIP) to acquire a 25% minority stake in the Camarines Sur offshore wind project in the Philippines.

The offshore windfarm, which could become one of the Philippines’ first offshore wind projects, has a potential installed capacity of up to 1 GW.

One of the most advanced offshore wind projects in the country, the proposed offshore wind farm is off the coast of San Miguel Bay in Camarines Sur in an area with good wind resources and shallow water. ACEN said its location also means it has a reduced typhoon risk.

The project is currently in a pre-development stage in anticipation of the Department of Energy’s 5th round of the Green Energy Auction and will be subject to relevant regulatory approvals.

ACEN president and chief executive Eric Francia said: “Offshore wind is poised to play a vital role in diversifying the country’s energy mix. ACEN is pleased to partner with CIP. We look forward to collaborating on this trailblazing  initiative.”

CIP Growth Markets Fund II partner Robert Helms said: “We are delighted to enter into this landmark partnership with ACEN, one of the most experienced renewable energy developers in the Philippines.”

“Together with CIP’s offshore wind expertise, we believe that ACEN’s experience and domestic and international track record in project execution and stakeholder management will set a strong foundation for the successful development of the Camarines Sur offshore wind project, including anticipated participation in the upcoming first offshore wind auction. We are also working towards the ambition of making this one of the first operational offshore wind projects in the Philippines in line with the offshore wind targets set by the current Philippine administration.”

Original Source: https://ocean-energyresources.com/2025/06/01/cip-selects-partner-for-camarines-sur-offshore-wind-project/