^{Photo credit: Presidential Communications Office}

Danish renewable energy fund manager Copenhagen Infrastructure Partners (CIP) will invest USD 3 billion to build its first offshore wind farm in Camarines Sur, marking its first project in Southeast Asia and a major boost to the Philippines’ clean energy transition goals.

CIP officials met with President Ferdinand R. Marcos Jr. at Malacañang Palace on Tuesday, where they reaffirmed confidence in investing in the country’s renewable energy sector through their partner, ACEN Renewable Energy Solutions.

“Ang Copenhagen Infrastructure Partners o CIP ay isa lang sa mga investors na nagpahayag ng tiwala na mamuhunan dito sa Pilipinas sa pamamagitan ng kanilang partner na ACEN Renewable Energy Solutions,” said Presidential Communications Office Undersecretary Claire Castro in a Palace briefing. (“Copenhagen Infrastructure Partners or CIP is one of the investors that expressed confidence in investing in the Philippines through its partner ACEN – Renewable Energy Solutions.”)

Castro said CIP highlighted the Philippines’ favorable location and the President’s strong commitment to shifting toward renewables as key factors behind its decision to invest.

“Ayon kay Pangulong Marcos Jr., mahalaga ang investment ng kompanya dahil sa hangarin ng pamahalaan na mag-shift mula sa fossil fuels patungong renewable energy,” she said. (“According to President Marcos Jr., the company’s investment is important because of the government’s goal to shift from fossil fuels to renewable energy.”)

The planned USD 3-billion offshore wind project in Camarines Sur will form part of the country’s growing portfolio of large-scale renewable energy investments. It follows earlier agreements signed in 2023 with the Department of Energy (DOE) for three offshore wind service contracts totaling 2 GW in capacity.

In May 2025, CIP also entered a deal with ACEN to sell a 25% stake in the up to 1-GW San Miguel Bay Offshore Wind Project, located off the coast of San Miguel Bay in Camarines Sur.

Castro said the new investment signals sustained confidence among foreign investors in the country’s energy sector. “Sa ganitong investment, patunay lamang na mataas pa rin ang kumpiyansa ng mga dayuhang investors na mamuhunan sa Pilipinas,” she noted. (“With this kind of investment, it only proves that foreign investors continue to have strong confidence in investing in the Philippines.”)

Founded in 2012 in Denmark, CIP manages global renewable energy funds spanning offshore and onshore wind, solar, biomass, energy-from-waste, transmission, storage, and Power-to-X technologies. The firm now manages 55 greenfield renewable energy projects across the Americas, Asia-Pacific, Europe, the Middle East, and Africa, and established its Manila office in September 2024.

What do you think this USD 3-billion offshore wind project means for the Philippines’ clean energy ambitions and investor confidence in the sector? Join the discussion below.

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