Copenhagen Infrastructure Partners (CIP) has struck an agreement with ACEN, the listed energy company of the Ayala group, to sell a 25 percent minority stake in the San Miguel Bay offshore wind project in Camarines Sur, a province in the Philippines.
The project is set to become one of the Philippines’ first offshore wind projects with a potential installed capacity of up to 1 gigawatt. Positioned as among the most advanced offshore wind initiatives in the country, the project leverages strategic site conditions, including abundant wind resources, shallow water depths to mitigate offshore wind challenges, and close proximity to the shore and the nearest substation. Its in-bay location also presents a lower typhoon risk, ensuring stability in operations.
Copenhagen Infrastructure Partners said it has sought a local partner with deep expertise in stakeholder management to advance the project. ACEN, with its strong credentials in renewable energy, brings the necessary e
