Copenhagen Energy to accelerate 4 GW offshore wind projects in the Philippines
Author: PPD Team Date: 28/10/2024
Copenhagen Energy and PetroGreen Energy Corporation have obtained the Green Lane Certificate from the Philippine Board of Investments for their joint floating offshore wind projects under BuhaWind Energy Philippines. This certification will accelerate the permit process, facilitating faster development of their planned 4 GW offshore wind farms.
The initiative includes three projects:
- A 2 GW wind farm in Northern Luzon, targeted for operation by 2030.
- A 1 GW project in Northern Mindoro, expected to launch by 2031.
- A 1 GW wind farm in East Panay, scheduled for completion by 2033.
These projects, formalized in their partnership in 2022, contribute to the Philippines’ growing renewable energy sector.