Danish firm to develop offshore wind assets in PH

Denmark and the Philippines have entered into a deal worth $5 billion that will develop offshore wind assets in at least five different Philippine provinces. ManilaBulletin

Denmark and the Philippines have entered into a deal worth $5 billion that will develop offshore wind assets in at least five different Philippine provinces.

They will have a combined 2 gigawatts of wind energy capacity across Camarines Norte and Camarines Sur, Northern Samar, Pangasinan, and La Union, DFA added. Philippine Ambassador to Denmark Leo Lim welcomed the signing of the agreement and said "the deal will generate around USD 5 billion in investments and 4,500 green jobs as well as increase the Philippines' renewable energy capacity."

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