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Copenhagen Offshore Partners (COP) is seeking additional investors for its $3 billion offshore wind project in San Miguel Bay, Philippines, which aims for a capacity of up to 1,000 megawatts (MW). COP plans to maintain at least 50% control until project completion, expected by Q3 2028.

The company intends to submit an environmental compliance certificate application before summer 2026. Last year, ACEN Corp. acquired a 25% stake in the project, marking its entry into offshore wind. COP is also proposing a 650-MW project in Northern Samar and a 350-MW project in Dagupan, Pangasinan. The Philippine Department of Energy plans to auction 3.3 GW of offshore wind capacity this year, with a target to generate the first offshore wind output by 2028.