Copenhagen Infrastructure Partners, through its Growth Markets Fund II, has signed an agreement with Acen, the energy company of the Ayala group, to sell a 25% minority stake in the San Miguel Bay offshore wind project in Camarines Sur. The transaction is subject to regulatory approval.
The project, currently in the pre-development phase, is expected to be one of the Philippines’ first offshore wind developments, with a potential installed capacity of up to 1 GW. It is being prepared for participation in the Department of Energy’s fifth Green Energy Auction (GEA-5). Once completed, the project is expected to support the Luzon grid and contribute to meeting the country’s growing electricity demand with renewable energy.
