Danish Firm Secures Green Lane For Three Offshore Wind Projects Worth PHP329 Billion

Copenhagen Infrastructure New Market Fund (CI NMF) Philippines Corp., a wholly Danish-owned energy company, has received endorsement for green lane treatment from the One-Stop Action Center for Strategic Investments (OSAC-SI) for its three offshore wind energy projects valued at PHP329 billion.

CI NMF's projects have been granted green lane certification by the Board of Investments (BOI) through OSAC-SI.

Being the first fully foreign-owned renewable energy (RE) company in the Philippines awarded RE service contracts by the Department of Energy, CI NMF's projects have been granted green lane certification by the Board of Investments (BOI) through OSAC-SI.

These projects include the Pangasinan-La Union, Camarines Norte-Camarines Sur, and Northern Samar offshore wind farms, collectively capable of producing 2 gigawatts of power.

CI NMF, a subsidiary of Danish fund manager Copenhagen Infrastructure Partners (CIP), a leading global investor in renewable energy and offshore wind, expressed gratitude for the supportive regulatory environment under President Ferdinand R. Marcos Jr.'s administration.

Niels Holst, co-head of Growth Markets Fund, praised the Marcos government's vision for renewables, highlighting recent policy measures facilitating offshore wind investments.

The Growth Markets Fund aims to commence commercial operations of its first offshore wind energy project during the Marcos administration's term and looks forward to collaborating closely with BOI and DTI to ensure smooth project permitting and consenting processes.

Earlier, OSAC-SI had granted green lane certification to two other RE projects by CI NMF, including the Samar North Offshore Wind Power Project and the San Miguel Bay Offshore Wind Project, further underlining the company's commitment to advancing renewable energy infrastructure in the Philippines.

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