Danish firm CIP investing $30m to join RE auction

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Danish firm CIP investing $30m to join RE auction
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Department of Environment and Natural Resources Secretary Maria Antonia Yulo-Loyzaga and Department of Energy Secretary Raphael Lotilla join top executives of Copenhagen Offshore Partners for the opening of Copenhagen Infrastructure Partners’ Manila office at the ORE Building in Bonifacio Global City, Taguig.Danish company Copenhagen Infrastructure Partners is investing $30 million in preparation for joining the Green Energy Auction Program for large wind projects by 2025.

The OSW projects will be developed in offshore Camarines Norte and Camarines Sur , offshore of Northern Samar and offshore Pangasinan and La Union . Energy Secretary Raphael Lotilla, Danish Ambassador Franz-Michael Skjold Mellbin, Philippine Ambassador to Denmark Leo Herrera-Lim, Department of Environment and Natural Resources Secretary Toni Yulo-Loyzaga and Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go graced the inauguration ceremony.

“We are honored to celebrate this significant occasion with our stakeholders who have been supporting us throughout our journey,” said Przemek Lupa, CIP’s associate partner in charge of Southeast Asia for the growth markets fund.

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