Wedoany.com Report-Dec 14,Nexif Ratch Energy’s 500MW San Miguel Bay Wind Project has won key government support from the Philippines’ Department of Energy (DOE).
The DOE has awarded the offshore wind farm a Certificate of Energy Project of National Significance (CEPNS).
Nexif said the project, located in San Miguel Bay, Camarines Sur, will play a key role in meeting the country’s renewable energy goals and enhancing energy security.
The CEPNS designation recognises energy projects that represent significant capital investments and are critical to national energy security and economic development.
The certification fast-tracks the project’s regulatory approvals, ensuring it can move forward swiftly with streamlined coordination across government agencies and local government units (LGUs).
Earlier this year, the company’s offshore 475MW Lucena Wind Power Project in Quezon Province was awarded the Green Lane Certificate by the Philippines’ Board of Investments (BOI).
This certificate designates the project as a strategic investment, enabling a more efficient process for permits and licences with both national agencies and LGUs.
Chief executive officer of Nexif Ratch Energy Cyril Dissescou said: “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.”
