Denmark’s Copenhagen Infrastructure Partners (CIP) is fast-tracking its green energy expansion in Southeast Asia, with a $30 million (approx. ₹1.7 billion) investment earmarked for the Philippines by mid-2025.
This strategic infusion aims to anchor the company’s presence in the country’s emerging offshore wind sector and marks a crucial step toward fulfilling the nation’s renewable energy ambitions.CIP, one of the world’s foremost clean energy investors, is currently backing three major offshore wind projects across Pangasinan, Northern Samar, and Camarines Sur, with a combined planned capacity of 2,000 megawatts (MW). These ventures are being pursued under long-term 25-year contracts signed with the Philippine Department of Energy (DoE). The firm is simultaneously developing a 300-MW onshore wind project in northern Luzon, solidifying its comprehensive green energy roadmap in the archipelago.
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With the Philippines opening up its renewable sector to full foreign ownership in 2022, CIP’s entry signals a strong vote of confidence in the country’s policy direction. The firm’s investments are closely linked to the upcoming Green Energy Auction Programme (GEAP), scheduled for mid-2025. Under this initiative, the Philippine government aims to increase the share of renewables in the national energy mix to 35% by 2030 and 50% by 2040. According to CIP’s Partner Robert Helms, a portion of the $30 million is already committed to preparatory activities, including geotechnical and geophysical surveys.The scale of CIP’s ambitions reflects not only a business opportunity but also a climate imperative.
The firm estimates that its offshore wind initiatives will eventually require a capital outlay of $5 billion, while the onshore component may need around $500 million. These investments align with the global call for decarbonised energy infrastructure and resonate with local communities advocating for cleaner, more sustainable growth models.CIP’s projects are being tailored to complement the government’s Offshore Wind Roadmap, which estimates the country’s potential offshore wind capacity at 63 GW. At present, the DoE has awarded 92 offshore wind contracts with a cumulative potential of 66 GW to 38 developers, setting the stage for a long-overdue energy transformation.Beyond wind, CIP is also exploring other renewable technologies such as solar and battery energy storage systems. According to CIP Associate Partner Przemek Lupa, the firm is deeply engaged in helping shape the technical standards and procurement models for next year’s GEAP, ensuring that the platform delivers reliable and scalable clean energy.
The momentum generated by CIP’s foray into the Philippines underscores a broader regional shift toward foreign-led green infrastructure development. As the country grapples with energy security concerns, fluctuating fossil fuel prices, and climate vulnerability, investments like these offer a pathway to a more resilient and equitable energy future.If the projects remain on track, they could serve as a template for public-private collaboration in renewable energy and fortify the country’s position as a regional hub for offshore wind. For now, Denmark’s leading energy investor is putting both capital and confidence into the winds of change blowing across the Philippine islands.
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