ACEN Corp., the Ayala Group’s listed energy platform, has signed definitive agreements to acquire a 25 percent minority stake in the planned 1-gigawatt offshore wind project in Camarines Sur of Copenhagen Infrastructure Parterns, a Denmark-headquartered fund manager.
The partnership, still subject to regulatory approvals, signals ACEN’s growing ambition to tap into the country’s offshore wind potential and contribute to a more sustainable power mix.
Positioned as one of the most advanced offshore wind initiatives in the Philippines, the project benefits from favorable site conditions near San Miguel Bay—shallow waters, strong wind resources, and proximity to grid infrastructure—making it both technically and economically viable. The project is currently in its pre-development stage, anticipating participation in the Department of Energy’s 5th Green Energy Auction (GEA-5).
“This is a trailblazing initiative,” said Eric Francia, ACEN president and chief executive officer. “Offshore wind will play a vital role in diversifying the country’s energy mix, and we are pleased to partner with CIP, a global leader in the sector,” he added.
CIP, through its Growth Markets Fund II, sought a local partner with deep stakeholder engagement experience. “Together with ACEN’s domestic track record, this partnership sets a strong foundation for the Camarines Sur project,” said Robert Helms, CIP partner.
Backed by a Wind Energy Service Contract secured in 2023, the project has already achieved significant milestones, including Green Lane and National Significance status, a pre-development Environmental Compliance Certificate, and a grid connection agreement—underscoring both government support and investor confidence.
