Denmark's CIP Launches $3B Offshore Wind Project in the Philippines
Copenhagen Infrastructure Partners (CIP) will invest $3 billion in its first Southeast Asian offshore wind project in the Philippines, in partnership with ACEN.
The project, located in Camarines Sur, aims to expand renewable capacity and reduce reliance on imported fossil fuels, reflecting the Philippines' renewable energy ambitions.
The investment reflects strong confidence in the Philippines' renewable energy ambitions and improving investment climate.
- Partnership: CIP and ACEN Renewable Energy Solutions
- Location: Camarines Sur, Philippines
- Investment: $3 billion
According to Palace Press Officer Claire Castro, the venture demonstrates sustained interest from foreign companies in the Philippines' renewable energy sector.
Author's summary: CIP invests $3B in Philippine wind project.