Copenhagen fund to invest USD 3B in PH wind project

Copenhagen Infrastructure Partners (CIP), a Danish renewable energy investment firm, will invest USD 3 billion in the Philippines’ first offshore wind farm, to be built in Camarines Sur.

The project marks CIP’s inaugural venture in Southeast Asia and is expected to significantly accelerate the country’s transition toward clean energy.

CIP officials met with President Ferdinand R. Marcos Jr. at Malacañang Palace on Tuesday to confirm their commitment to the Philippines’ renewable energy sector through local partner ACEN Renewable Energy Solutions.

“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,” said Presidential Communications Office Undersecretary Claire Castro during a Palace briefing.

Castro noted that CIP cited the Philippines’ strategic location and the Marcos administration’s strong push for renewable energy as key factors behind the investment.

“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,” she added.

The USD 3-billion wind farm will contribute to the country’s growing pipeline of large-scale renewable projects under the Department of Energy’s (DOE) offshore wind program.

The development follows the signing of three offshore wind service contracts with the DOE in 2023, totaling 2 gigawatts (GW) in potential capacity.

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

Castro emphasized that this latest investment reflects strong and sustained confidence among international investors in the Philippine energy market.

“With this kind of investment, it only proves that foreign investors continue to have strong confidence in investing in the Philippines,” she said.

Founded in 2012, CIP is a global leader in green infrastructure investment, with a portfolio spanning offshore and onshore wind, solar, biomass, waste-to-energy, storage, and emerging technologies such as Power-to-X.

The firm currently manages 55 renewable energy projects across five continents and established its Manila office in September 2024.

The project’s scale and strategic importance underscore the Philippines’ growing appeal as a destination for clean energy investments amid rising global demand for sustainable infrastructure.