The Philippines’ Department of Finance (DOF) has held discussions with Copenhagen Infrastructure Partners (CIP) on advancing the 901 MW San Miguel Bay offshore wind project in Camarines Sur. The project, which is being developed through a joint venture between CIP and ACEN Corporation, is expected to become the first offshore wind farm in both the Philippines and Southeast Asia. The meeting focused on project progress, financing arrangements and preparations for the country’s upcoming offshore wind auction.
The San Miguel Bay project represents an estimated investment of US$3 billion.