Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has inked an agreement with ACEN to sell a 25 per cent stake in the San Miguel Bay offshore wind project. The project has a potential installed capacity of up to 1 GW and is situated in Camarines Sur, Philippines.
The project is currently in its pre-development stage in anticipation of the Department of Energy’s 5th round of the Green Energy Auction (GEA-5). Furthermore, the project will be subject to relevant regulatory approvals.
Earlier in May 2025, CIP, through its fund Copenhagen Infrastructure V (CI V), inked an agreement to sell a 10 per cent stake in the 495 MW Fengmiao I offshore wind project in Taiwan to Mitsui O.S.K. Lines (MOL). The project, located off the coast of Taichung County, is slated for completion by the end of 2027.
