Nexif Ratch Energy’s 500 MW Offshore Wind Farm in Philippines Moves Forward

December 13, 2024, by Adnan Memija

Nexif Ratch Energy’s San Miguel Bay Wind Project has been granted the Certificate of Energy Project of National Significance (CEPNS) by the Philippines’ Department of Energy (DOE).

According to Nexif Ratch Energy, the CEPNS designation recognises energy projects that represent “significant” capital investments (over PHP 3.5 billion or approximately EUR 57.1 million) and are “critical” to national energy security and economic development.

This certification fast-tracks the project’s regulatory approvals, ensuring that it can move forward with streamlined coordination across government agencies and local government units, facilitating its timely execution, said the company.

The 500 MW San Miguel Bay Wind Project, located in Camarines Sur, Luzon, had previously been awarded the Green Lane Certificate by the Philippines’ Board of Investments (BOI) in June 2024.

Recently, Nexif Ratch Energy’s 475 MW Lucena offshore wind farm was also awarded a Green Lane Certificate.

The two wind farms are part of the company’s growing portfolio of renewable energy projects in the Philippines, which includes a total pipeline of 2.5 GW, with 219 MW already in operation and under construction.

“With the support of the Department of Energy and the Board of Investments, we are poised to bring our offshore wind projects to fruition. Our progress in the San Miguel Bay and Lucena Wind Power Projects underscores our dedication to building a cleaner, more resilient energy future for the region,” said Cyril Dissescou, CEO of Nexif Ratch Energy.

Nexif Ratch Energy, owned by Singapore’s Nexif Energy and Thailand’s RATCH Group, has a 378 MW portfolio of operating, under construction, and shovel-ready hydro, solar, and wind assets, and a development pipeline of wind, solar, and energy storage totalling 3.6 GW.