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The Department of Finance (DOF) has drawn commitment from Copenhagen Infrastructure Partners (CIP) to advance development of the country’s first-ever offshore wind farm and take on other green energy projects.
In a statement, the DOF said Finance Secretary Frederick Go had met with executives of Danish firm CIP to discuss key project milestones, financing arrangements and preparations for the $3-billion 901-megawatt (MW) offshore wind project in Camarines Sur.
READ: Marcos welcomes $3-billion Danish investment in PH clean energy push
CIP’s project is in partnership with Ayala-led ACEN Corp., which acquired a 25-percent minority stake in the project last year.
