Danish CIP To Pour USD 3 Billion Into Philippines’ Offshore Wind Push
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Denmark’s Copenhagen Infrastructure Partners (CIP) will commit USD 3 billion (approximately EUR 2.6 billion) to build its first offshore wind farm in the Philippines.
This opening paragraph gives a few more details.
In a press briefing, Presidential Communications Office Undersecretary and Palace Press Officer Claire Castro said that the company is committed to investing in the Philippines through its partner, ACEN – Renewable Energy Solutions.
It does seem that the Philippines are putting out the red carpet for Copenhagen Infrastructure Partners and no wonder if you look at the first paragraph of the Danish firm’s Wikipedia entry.
Copenhagen Infrastructure Partners P/S (“CIP”) is a Danish investment firm specializing in infrastructure investments, particularly wind power.[1][2] CIP is one of the world’s largest dedicated renewables investment firms with €32 billion raised and a project pipeline of 120 GW.
But, are these two articles on offshoreWind.biz hinting at delay in the approval of UK projects?
- UK Delays Permit Decision for CIP’s Morecambe Offshore Wind Farm
- Permit Decision Delayed for 1.5 GW UK Offshore Wind Farm
Although the second project, which is the Outer Dowsing Wind Farm, is not a Copenhagen Infrastructure Partners project delaying decisions surely doesn’t give confidence to investors.
So have Copenhagen Infrastructure Partners decided to test the new virgin waters of the Philippines?
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