Nexif Ratch Energy’s 500 MW San Miguel Bay Wind Project has received crucial backing from the Philippines’ Department of Energy (DOE).
Certificate of Energy Project of National Significance
The DOE has awarded the offshore wind farm a Certificate of Energy Project of National Significance (CEPNS), highlighting its importance in meeting the country’s renewable energy goals and enhancing energy security.
Importance of the CEPNS Designation
The CEPNS designation recognizes energy projects involving significant capital investments that are vital for national energy security and economic development. This certification expedites regulatory approvals, allowing the project to progress swiftly.
Streamlined Coordination for Regulatory Approvals
The certification ensures streamlined coordination across government agencies and local government units (LGUs), facilitating a faster implementation timeline for the project.
Previous Achievements: Lucena Wind Power Project
Earlier this year, Nexif’s offshore 475 MW Lucena Wind Power Project in Quezon Province was awarded the Green Lane Certificate by the Philippines’ Board of Investments (BOI), designating it as a strategic investment.
Commitment to Renewable Energy
Cyril Dissescou, Chief Executive Officer of Nexif Ratch Energy, stated, “With the support of the Department of Energy and the Board of Investments, we are poised to bring our offshore wind projects to fruition.”
Conclusion
The support for the San Miguel Bay and Lucena Wind Power Projects underscores Nexif Ratch Energy’s dedication to building a cleaner, more resilient energy future for the Philippines.
Sources
- Philippines Department of Energy Press Release
- Nexif Ratch Energy Official Website
- Philippines Board of Investments
