Acen, part of the Ayala group, has signed definitive agreements with Copenhagen Infrastructure Partners (CIP) to acquire a 25% minority stake in the proposed offshore wind project in the Philippines.
The stake in the 1GW offshore wind farm was bought for an undisclosed amount from CIP’s Growth Markets Fund II. It is set to be one of the Philippines’ first offshore wind projects.
The project, located near the coast of San Miguel Bay, leverages strategic site conditions, including abundant wind resources, shallow water depths, and a close proximity to the shore and the nearest substation. Its in-bay location also presents a lower typhoon risk.
It is currently in its pre-development stage in anticipation of the Department of Energy’s 5th round of the Green Energy Auction and will be subject to relevant regulatory approvals.
Since obtaining a Wind Energy Service Contract in 2023, the project has been granted Green Lane status in February 2024 to help expedite the processing of necessary licenses and permits.
In October 2024, the project received a Certificate of Energy Project of National Significance, granting it priority during processing and expediting approvals. In February 2025, the project signed a connection agreement with the National Grid Corporation of the Philippines, securing access to grid connection.
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