A Danish-backed offshore wind development in the Philippines is aiming to begin commercial operations in 2028, as the project moves through early-stage preparations ahead of a planned renewable energy auction round.
According to The Philippine Star, Copenhagen Infrastructure Partners (CIP) is developing the 1-gigawatt San Miguel Bay Project off Camarines Sur, covering an offshore area of 23,307 hectares. The report said construction could start as early as July 2026, with commercial operations targeted by the third quarter of 2028, although the timeline may change depending on factors that arise during implementation.
The Philippine Star also reported that ACEN Corp. has acquired a 25 percent stake in the project, marking ACEN’s first investment in offshore wind and adding local operating expertise to the Danish-led development.
Copenhagen Offshore Partners (COP) CEO Rune Damgaard, CIP’s investment vehicle in the Philippines, told the newspaper that CIP may consider selling additional shares to ACEN or other investors, but intends to retain control and hold at least 50 percent until the project is fully completed.
The project is currently in a pre-development phase in anticipation of the government’s fifth green energy auction (GEA-5), where the Department of Energy is targeting 3,300 megawatts of offshore wind capacity for delivery from 2028 to 2030, according to the report.
Source: Philstar
