Copenhagen Infrastructure Partners

Addie Cuadra

ABS-CBN News

The opening ceremony was attended by notable figures including Department of Energy (DOE) Secretary Raphael &ldquo;Popo&rdquo; Lotilla, Danish Ambassador Franz-Michael Skjold Mellbin, Philippine Ambassador to Denmark Leo M. Herrera-Lim, Department of Environmental and Natural Resources (DENR) Secretary Maria Antonia &ldquo;Toni&rdquo; Yulo-Loyzaga, and Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go.Przemek Lupa, Associate Partner and Head of Southeast Asia at CIP, emphasized the company&rsquo;s dedication to the Philippines. &ldquo;Today is the office opening of CIP in the Philippines, but actually it&#39;s really much more than the office opening. It&#39;s really to show our commitment to the country,&rdquo; Lupa said.He also underscored that CIP has already clinched three service contracts for offshore wind projects. &ldquo;Early last year we got three service contracts for the DOE for offshore winds for two gigawatts of offshore wind,&rdquo; he said.The company plans to invest over $5 billion in developing these and other renewable energy projects, including offshore and onshore wind, solar energy, and battery storage.&ldquo;Today we want to show that commitment and we want to show that we&#39;ll actually do much more than the service contract that we already have. So we are committed for the long haul in the Philippines and not only [to] offshore wind and onshore wind but also very much on other renewables which are in the mandate of Copenhagen Infrastructure Partners such as solar, large-scale solar, actually battery storage projects and other renewables,&rdquo; he added.CIP intends to invest over $5 billion in the Philippines, supporting the development of offshore and onshore wind projects, solar energy, and battery storage. Lupa explained that the investment will cover extensive development costs including geotechnical, geophysical, and environmental studies essential for project progress.&ldquo;The projects that we already have and that are under development basically, will require an investment cost of more than $5 billion and so to date, we&#39;ve actually already spent quite [a] significant amount of money in development,&rdquo; said Lupa.&ldquo;Until then, we will be spending significant amounts of money on developing our offshore wind projects doing all the, let&#39;s say, expensive development. The studies like the geotechnical, the geophysical, environmental, and all those elements of development to really show our commitment,&rdquo; he affirmed.The Manila office of CIP plays a key role in driving the development of renewable energy initiatives and forming new partnerships in the region. The company&#39;s goal is to utilize the Philippines&#39; rich renewable resources to advance its sustainable energy objectives and support the country&#39;s shift towards environmentally friendly practices.

MANILA &mdash; Copenhagen Infrastructure Partners (CIP), a renowned global renewable energy investor, celebrated the opening of its new office in Manila on Tuesday, September 10.&nbsp;The new facility located in Bonifacio Global City, Taguig City, signifies a major step in CIP&rsquo;s commitment to enhancing energy security and supporting the Philippines&rsquo; transition to a low-carbon future.

Copenhagen Infrastructure Partners (CIP), a renowned global renewable energy investor, celebrated the opening of its new office in Manila on Tuesday, September 10.

Copenhagen Infrastructure Partners (CIP), a renowned global renewable energy investor, celebrated the opening of its new office in Manila on Tuesday, September 10.

Copenhagen Infrastructure Partners opens Manila office, boosts commitment to renewable energy | ABS-CBN News

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Copenhagen Infrastructure Partners opens Manila office, boosts commitment to renewable energy

Copenhagen Infrastructure Partners opens Manila office, boosts commitment to renewable energy