ACX3 Capital Holdings Inc., an affiliate of Singapore’s Nexif Ratch Energy Investments Pte. Ltd., is planning to build the 500-megawatt San Miguel Bay Wind Power Project in Camarines Sur with a total project cost of P196.8 billion.
The offshore wind project is planned to span 6,237 hectares within the municipal waters of Calabanga, Siruma and Tinambac in Camarines Sur province, according to documents submitted to the Department of Environment and Natural Resources (DENR).
The project is expected to comprise about 60 wind turbine generators (WTGs) with a rated capacity of between 8.5 MW and 9.0 MW each. The WTGs will have rotor diameters of 230 meters and hub heights ranging from 130 to 150 meters.
ACX3, a company focused on developing and managing renewable energy projects, said the San Miguel Bay Wind Power Project aims to provide a stable source of renewable energy to the national grid.
The firm is committed to supporting the Philippines’ transition toward a low-carbon, secure and climate-resilient energy system in line with national and international commitments.
The project, which will significantly enhance the country’s electric power supply, is expected to start construction from 2027 to 2029 and begin commercial operations in 2030.
ACX3’s financial structure is built on equity contributions, with RCBC Trust Corp. serving as trustee and Nexif Energy Philippines Pte. Ltd. as a principal investor.
The total expected expenditure for the project is broken down as follows: P4.5 billion for pre-development, P85 billion during development and construction, P100 billion for operations and maintenance and P7.3 billion for decommissioning.
ACX3 has an active affiliation in the renewable energy sector, including Calabanga Renewable Energy (CARE) Inc. and Negros PH Solar Inc., showing its commitment to supporting the country’s transition to sustainable power sources.
