Trending News: Vietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani2,051 Dengue Cases, Two Deaths Recorded In Kelantan From Jan-SeptPolice Monitoring All GISBH Premises In PerakCBO Members Need To Give Serious Attention To Domestic Violence – Dr MaziahCambodian Woman Killed By Falling Tree In KemamanFloods: Number Of Victims Rise In Penang, Kedah, PerlisLarge Waves Damage Restaurant, Fish Landing Jetty In Bagan Datuk – APMKing Presented With Financial Statements Of Federal And State GovernmentsKuala Kedah Passengers Rush To Kuala Perlis For Last Ferry To LangkawiMedidata Recognized as a Leader in Everest Group’s Inaugural Electronic Data Capture PEAK Matrix® AssessmentJIM Sabah Assures Improvement Following Chief Secretary ReprimandGuangdong’s Bold Path To Global Trade: Announcing The 136th Canton Fair And The Free Trade Zone’s Role In ExpansionVeteran Composer Ooi Eow Jin Dies At 86Don’t Be Afraid Or Ashamed To Undergo HPV DNA Testing, Women ToldSESB To Execute Smart Meter Installation In Two PhasesGISBH Member Pleads Not Guilty To Threatening WomanMetMalaysia: Large Waves Hitting Penang, Pulau Pangkor UnusualKelantan Mulls Relocation Of Rantau Panjang Duty Free ZoneRinggit Maintains Uptrend Against US Dollar In Anticipation Of Fed Rate CutKing To Embark On State Visit To China Starting Sept 19Future Prospects, Welfare Of Rescued Children Discussed – Ahmad ZahidSMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote ApplicationsFBM KLCI Futures End Lower In Line With Cash MarketTeledyne Unveils The First 16k TDI Line Scan Camera With A 1-Megahertz Line Rate32 Cases Of Uprooted Trees Reported After Storm In SikBursa Malaysia Weaker In Early Trade, Tracking Wall Street’s Muted Overnight PerformanceMahkota Indian Community Hopes For Empowerment In Economy, EducationFBM KLCI Futures Declines In Early TradeWan Saiful Trial: Prosecution Witness Says Rm38,160 Deposited Into Sinar Karangkraf AccountRinggit Opens Easier Vs USD Ahead Of US Fed MeetingChina Open: Yew Sin-Ee Yi, Tang Jie-Ee Wei Clear First HurdleSlope protection structure ensures road safety in Leyte townTelok Gong Pollution: MACC To Act against Authorities If There Is Graft, Power Abuse – Azam BakiOver 8K workers in R6 recover P330-M in benefits through SEnARubber Market Ends Mixed In Tandem With Regional FuturesDA assures sufficient food stocks amid weather disturbancesKeluang Man Mural Brings Iconic Superhero To LifePCSO GM Robles elected to Asia Pacific lottery group’s exec bodyReligious Study Centre Chairman Pleads Not Guilty To Sexual Assault And Molestation ChargesBIR bans sale of cigarettes, vape products below floor priceKad Siswa Johor To Benefit 75,000 Students – MB19 families in Antique town temporarily resettledMalaysia, Tajikistan Strengthen Bilateral Ties – Ahmad ZahidSenate resolution commending crew of BRP Teresa Magbanua filedMACC Confirms Asset Declarations By Mirzan, MokhzaniDOJ files qualified trafficking raps vs. Guo, others before Pasig RTCThe Devastating Impact Of Online GamblingDSWD-Bicol readies P220-M relief items amid bad weatherOps Setting: ‘Mastermind’ Senior Immigration Officer To Be Charged Early Next Month – Azam Baki3 Chinese plane theft gang members intercepted at NAIAAzalina Receives GIFA Special Award For Contribution To Arbitration Reform2K fire-hit families in Tondo get cash aid from Manila LGUUTeM Offers Six Aid Packages Including Anak Emas Scholarship To DharshiniPSEi down on profit taking, peso stays flatKESUMA Hails Malaysia’s Success At WSC 2024Negros Trade Fair drives economic growth, highlights innovationMpox : Kelantan Residents Returning From High-risk Countries Urged To Report JKNKHontiveros to Lao: ‘Time to face the music’No Evidence Of Corruption In GISBH Investigation – Azam BakiTax court grants NHFMC refundFerry Cancellations On Langkawi-Kuala Kedah Route Due To High WavesEx-DBM official in Pharmally mess nabbed in DavaoBest’s Market Segment Report: AM Best Maintains Stable Outlook On China’s Non-Life Insurance SegmentOver 5K flood-hit Dagupan residents get DSWD cash aidFloods: Climb In Number Of Victims In Kedah, Perlis; Drop In PenangFirst energy efficiency registered project gets BOI perksTwo Policemen Suspended Over Drug, Ketum CaseEx-PNP chiefs concerned over PAGCOR exec’s alleged POGO payroll infoCabinet Agrees To Maintain Existing Policy On Halal Certification Applications – Ahmad ZahidCHR backs bill boosting workers’ right to self-organizationCops Launch Manhunt For Inmate Who Escaped From HospitalDPWH-Bicol’s P49-M project shields Sorsogon villagers from flood2024 Para SUKMA Athletes To Be Placed In 19 Hotels – FatimahManhunt launched for killers of Maguindanao Sur town councilorFlood Victims In Kedah, Penang Drop, While Numbers Rise In PerlisNo misuse of funds, VP Sara maintains at House inquiryHRPZ II Seeks Elderly Patient’s KinJapan to help improve PHLPost servicesKKDW Targets RM500,000 In Sales At MAHA 2024 – DPM Ahmad Zahid3 Albay districts brace for 12-hour brownout on Sept. 19, 20Sabah Plantation, Agri Sectors Urged To Support Targeted Regularisation ProgrammeComelec ready for influx of registrants as deadline nearsFBM KLCI Pares Loss At Close Amid Market Uncertainty Ahead Of Expected US Rate CutPH Army’s 2nd Infantry Division gets new chiefKPKM Launches Two Grants To Assist Young Agropreneur To Start, Expand Agricultural ProjectsBSP eyes substantial cut in banks’ reserve requirement ratio for 2024Al-Azhar University Alumni Can Lead Muslims To Tackle Islamophobia – Zulkifli HasanAccess road spurs economic opportunities in remote Marinduque villageMohd Rosli Abdullah Appointed As MMEA Director-generalPTFoMS chief term endsACE Market-bound Crest Group Aims To Raise RM45.75 Mln From IPO‘Sulu transition fund’ pushed for better gov’t services
Fri. Sep 20th, 2024
Trending News: Vietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani2,051 Dengue Cases, Two Deaths Recorded In Kelantan From Jan-SeptPolice Monitoring All GISBH Premises In PerakCBO Members Need To Give Serious Attention To Domestic Violence – Dr MaziahCambodian Woman Killed By Falling Tree In KemamanFloods: Number Of Victims Rise In Penang, Kedah, PerlisLarge Waves Damage Restaurant, Fish Landing Jetty In Bagan Datuk – APMKing Presented With Financial Statements Of Federal And State GovernmentsKuala Kedah Passengers Rush To Kuala Perlis For Last Ferry To LangkawiMedidata Recognized as a Leader in Everest Group’s Inaugural Electronic Data Capture PEAK Matrix® AssessmentJIM Sabah Assures Improvement Following Chief Secretary ReprimandGuangdong’s Bold Path To Global Trade: Announcing The 136th Canton Fair And The Free Trade Zone’s Role In ExpansionVeteran Composer Ooi Eow Jin Dies At 86Don’t Be Afraid Or Ashamed To Undergo HPV DNA Testing, Women ToldSESB To Execute Smart Meter Installation In Two PhasesGISBH Member Pleads Not Guilty To Threatening WomanMetMalaysia: Large Waves Hitting Penang, Pulau Pangkor UnusualKelantan Mulls Relocation Of Rantau Panjang Duty Free ZoneRinggit Maintains Uptrend Against US Dollar In Anticipation Of Fed Rate CutKing To Embark On State Visit To China Starting Sept 19Future Prospects, Welfare Of Rescued Children Discussed – Ahmad ZahidSMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote ApplicationsFBM KLCI Futures End Lower In Line With Cash MarketTeledyne Unveils The First 16k TDI Line Scan Camera With A 1-Megahertz Line Rate32 Cases Of Uprooted Trees Reported After Storm In SikBursa Malaysia Weaker In Early Trade, Tracking Wall Street’s Muted Overnight PerformanceMahkota Indian Community Hopes For Empowerment In Economy, EducationFBM KLCI Futures Declines In Early TradeWan Saiful Trial: Prosecution Witness Says Rm38,160 Deposited Into Sinar Karangkraf AccountRinggit Opens Easier Vs USD Ahead Of US Fed MeetingChina Open: Yew Sin-Ee Yi, Tang Jie-Ee Wei Clear First HurdleSlope protection structure ensures road safety in Leyte townTelok Gong Pollution: MACC To Act against Authorities If There Is Graft, Power Abuse – Azam BakiOver 8K workers in R6 recover P330-M in benefits through SEnARubber Market Ends Mixed In Tandem With Regional FuturesDA assures sufficient food stocks amid weather disturbancesKeluang Man Mural Brings Iconic Superhero To LifePCSO GM Robles elected to Asia Pacific lottery group’s exec bodyReligious Study Centre Chairman Pleads Not Guilty To Sexual Assault And Molestation ChargesBIR bans sale of cigarettes, vape products below floor priceKad Siswa Johor To Benefit 75,000 Students – MB19 families in Antique town temporarily resettledMalaysia, Tajikistan Strengthen Bilateral Ties – Ahmad ZahidSenate resolution commending crew of BRP Teresa Magbanua filedMACC Confirms Asset Declarations By Mirzan, MokhzaniDOJ files qualified trafficking raps vs. Guo, others before Pasig RTCThe Devastating Impact Of Online GamblingDSWD-Bicol readies P220-M relief items amid bad weatherOps Setting: ‘Mastermind’ Senior Immigration Officer To Be Charged Early Next Month – Azam Baki3 Chinese plane theft gang members intercepted at NAIAAzalina Receives GIFA Special Award For Contribution To Arbitration Reform2K fire-hit families in Tondo get cash aid from Manila LGUUTeM Offers Six Aid Packages Including Anak Emas Scholarship To DharshiniPSEi down on profit taking, peso stays flatKESUMA Hails Malaysia’s Success At WSC 2024Negros Trade Fair drives economic growth, highlights innovationMpox : Kelantan Residents Returning From High-risk Countries Urged To Report JKNKHontiveros to Lao: ‘Time to face the music’No Evidence Of Corruption In GISBH Investigation – Azam BakiTax court grants NHFMC refundFerry Cancellations On Langkawi-Kuala Kedah Route Due To High WavesEx-DBM official in Pharmally mess nabbed in DavaoBest’s Market Segment Report: AM Best Maintains Stable Outlook On China’s Non-Life Insurance SegmentOver 5K flood-hit Dagupan residents get DSWD cash aidFloods: Climb In Number Of Victims In Kedah, Perlis; Drop In PenangFirst energy efficiency registered project gets BOI perksTwo Policemen Suspended Over Drug, Ketum CaseEx-PNP chiefs concerned over PAGCOR exec’s alleged POGO payroll infoCabinet Agrees To Maintain Existing Policy On Halal Certification Applications – Ahmad ZahidCHR backs bill boosting workers’ right to self-organizationCops Launch Manhunt For Inmate Who Escaped From HospitalDPWH-Bicol’s P49-M project shields Sorsogon villagers from flood2024 Para SUKMA Athletes To Be Placed In 19 Hotels – FatimahManhunt launched for killers of Maguindanao Sur town councilorFlood Victims In Kedah, Penang Drop, While Numbers Rise In PerlisNo misuse of funds, VP Sara maintains at House inquiryHRPZ II Seeks Elderly Patient’s KinJapan to help improve PHLPost servicesKKDW Targets RM500,000 In Sales At MAHA 2024 – DPM Ahmad Zahid3 Albay districts brace for 12-hour brownout on Sept. 19, 20Sabah Plantation, Agri Sectors Urged To Support Targeted Regularisation ProgrammeComelec ready for influx of registrants as deadline nearsFBM KLCI Pares Loss At Close Amid Market Uncertainty Ahead Of Expected US Rate CutPH Army’s 2nd Infantry Division gets new chiefKPKM Launches Two Grants To Assist Young Agropreneur To Start, Expand Agricultural ProjectsBSP eyes substantial cut in banks’ reserve requirement ratio for 2024Al-Azhar University Alumni Can Lead Muslims To Tackle Islamophobia – Zulkifli HasanAccess road spurs economic opportunities in remote Marinduque villageMohd Rosli Abdullah Appointed As MMEA Director-generalPTFoMS chief term endsACE Market-bound Crest Group Aims To Raise RM45.75 Mln From IPO‘Sulu transition fund’ pushed for better gov’t services
Fri. Sep 20th, 2024

100% Danish RE projects get green lane treatment anew


MANILA: Copenhagen Infrastructure New Market Fund (CI NMF) Philippines Corp., a 100-percent Danish energy company, secured another endorsement for green lane treatment from the One-Stop Action Center for Strategic Investments (OSAC-SI).

The Board of Investments (BOI) on Friday said its OSAC-SI granted the green lane certification to CI NMF on Feb. 19 for its three offshore wind energy projects worth PHP329 billion.

These potential investments are for its Pangasinan-La Union, Camarines Norte-Camarines Sur and Northern Samar offshore wind farms.

The BOI said these offshore wind energy projects have a total potential capacity of 2 gigawatts.

CI NMF is the first fully foreign-owned renewable energy (RE) company in the country that was awarded RE service contracts by the Department of Energy.

The company is a unit here of Danish fund manager Copenhagen Infrastructure Partners (CIP), the world’s largest fund manager dedicated to renewable energy investments, and a global leader in offshore wind.

Through Execu
tive Order 18, President Ferdinand R. Marcos Jr. earlier directed all national government agencies and local government units to expedite the processing of licenses, permits, and other related documents for projects with huge economic impact.

The green lane certificate is being issued by the BOI’s OSAC-SI.

‘The Marcos government’s vision for renewables has been instrumental in attracting significant interest from a global leader in offshore wind like CIP, first with the removal of the foreign equity restrictions in November 2022, then the issuance of Executive Order 21 in April 2023 for a coordinated approach to offshore wind, and now the award of the Green Lane status to our projects, which we highly welcome,’ Growth Markets Fund partner and co-head Niels Holst said.

Growth Markets Fund associate partner and Asia Pacific lead Przemek Lupa added the company targets to begin the commercial operations of its first offshore wind energy project during the Marcos administration.

‘We look forward to further wor
king closely with the BOI and DTI to ensure smooth project permitting and consenting,’ Lupa said.

Earlier, the OSAC-SI issued the green lane certification to two other renewables projects of CI NMF, including the PHP108.3-billion, 650-megawatt Samar North Offshore Wind Power Projects awarded on Jan. 8, and the PHP162.92-billion, 1-GW San Miguel Bay Offshore Wind Project on Jan.19.

All three projects were registered with the BOI in 2023, the agency’s data showed. (PNA)

Source: Philippines News Agency

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