CIP's Philippines offshore wind fast-tracked.

The Philippines has granted expedited development approval for three offshore wind farms with a total capacity of 2GW. Danish firm CINMF PH Corp, owned by Copenhagen Infrastructure Partners (CIP), has been granted "green lane" certification by the Board of Investments (BOI), which will fast-track the permitting and licensing process for the projects. The three projects, worth P329 billion ($5.9bn), are the San Miguel Bay OSW (1GW), Samar Norte OSW (650MW), and Dagupan OSW (350MW). The Department of Energy and the Department of Environment and Natural Resources have also signed an MoU to ease requirements for offshore wind projects in the country. [Extracted from the article]