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New RE player eyes P190-B offshore wind in Camarines Sur
Business World Philippines
|December 11, 2025
RENEWABLE ENERGY (RE) developer ACX3 Capital Holdings, Inc. is proposing to build a 500-megawatt (MW) offshore wind farm in San Miguel Bay, Camarines Sur, in Bicol Region, with an estimated cost of P189.5 billion.
In its filing with the Department of Environment and Natural Resources, the company said the national grid is expected to receive power from the project, which targets commercial operations by 2030.
The proposed wind farm will occupy 6,237 hectares within the municipal waters of Calabanga, Siruma and Tinambac.
ACX3 said the project is designed to deploy 60 wind turbine generators, each with a rated capacity of between 8.5 MW and 8 MW.
Construction is scheduled to begin in 2027 and run through 2029.
यह कहानी Business World Philippines के December 11, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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Business World Philippines
ACEN-Citicore JV secures P2.59-B loan for solar operations
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1 min
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DragonFi Securities partners with CIMB Bank PH for in-app savings account
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1 mins
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Business World Philippines
Taiwan eyes closer economic links with PHL amid China tensions
Taiwan is looking to bolster its economic ties with the Philippines through potential engagements and industry expansion, as both grapple with shared security concerns in the region, Taiwanese officials said.
3 mins
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P20-per-kilo rice program rolled out to 82nd province
THE Department of Agriculture (DA) said it completed the nationwide rollout of its P20-per-kilo rice program, which is now present in all 82 provinces following launches in Sultan Kudarat and Maguindanao.
1 min
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Business World Philippines
ADB approves $500-million loan to support PHL'S blue economy
THE ASIAN Development Bank (ADB) has approved a $500-million (around P29.56-billion) policy-based loan to support the development of the Philippines' blue economy and improve the resilience of coastal communities.
2 mins
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We are hardwired to sing and it’s good for us, too
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PNB raises P15.7 billion from sustainability bond offering
PHILIPPINE National Bank (PNB) has raised P15.7 billion from the sale of dual-tranche bonds to fund sustainable initiatives.
1 mins
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Flood control fiasco imperils PHL credit rating-Fitch Ratings
THE Philippine economy continues to bear the brunt of the ongoing flood control corruption scandal, Fitch Ratings said, noting that further unrest could spill over to the country's credit rating.
3 mins
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Business World Philippines
Why some countries stay happier
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4 mins
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Business World Philippines
A risk conscious pause for monetary policy?
A rate cut may be misinterpreted, not as support for growth, but as a reaction to worsening political conditions or an attempt to mask deeper structural issues.
6 mins
December 12, 2025
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