Nexif Ratch Energy says the Philippines’ Department of Energy has granted its 500 MW San Miguel Bay Wind Project an Energy Project of National Significance designation.
This offshore wind project, located in San Miguel Bay, Camarines Sur, will play a crucial role in meeting the country’s renewable energy goals and enhancing energy security.
The designation recognizes energy projects that represent significant capital investments (over PHP 3.5 billion) and are critical to national energy security and economic development. This certification fast-tracks the project’s regulatory approvals, ensuring that it can move forward swiftly with streamlined coordination across government agencies and local government units, facilitating its timely execution.
Nexif Ratch Energy says its Lucena Wind Power Project, a 475 MW offshore wind power development in Quezon Province, has also been awarded the Green Lane Certificate by the Philippines’ Board of Investments.
This certificate designates the project as a strategic investment, enabling a more efficient process for permits and licenses with both national agencies and LGUs.
The San Miguel Bay Wind Project had previously been awarded the Green Lane Certificate in June.
