Camarines Sur to host P189-billion offshore wind farm

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December 11, 2025 | 12:00am

MANILA, Philippines — Renewable energy firm ACX3 Capital Holdings is looking to invest roughly P189.5 billion to build and operate a massive offshore wind farm in Camarines Sur.

ACX3, an affiliate of Singapore-based Nexif Ratch Energy Investments Pte. Ltd., is seeking a key environmental clearance for the 500-megawatt (MW) San Miguel Bay Wind Power Project.

According to a document submitted to the Department of Environment and Natural Resources, the proposed project will cover 6,237 hectares of municipal waters across Calabanga, Tinambac and Siruma.

The company is planning to spend around P89.5 billion from the pre-development phase through construction, while operations and maintenance are projected to cost an additional P100 billion.

“The 500-MW San Miguel Bay Wind Power Project is envisioned in response to the urgent need for sustainable energy solutions in the Philippines,” ACX3 said, citing the country’s goal of expanding the share of renewables in the power mix.

By harnessing wind power, the company noted that the project could displace carbon-intensive energy sources and contribute to the global effort to mitigate climate change.

“The deployment of OSW (offshore wind) will not only help meet the country’s energy demands but also facilitate the Philippines’ transition to a low-carbon energy system,” ACX3 said.

“The development of OSW would also reduce dependence on imported fuels, strengthen the country’s energy independence and contribute to regional energy cooperation in the longer term,” it added.

Based on the project’s indicative timeline, construction is scheduled from 2027 to 2029, with commercial operations expected to begin in 2030.