Potential of Offshore Energy In Philippines

The potential of offshore wind energy in the Philippine market is a topic that has been gaining traction in recent years. As the world continues to grapple with the challenges of climate change and the need for clean, renewable energy sources, countries like the Philippines are starting to explore the untapped potential of offshore wind energy. With over 7,000 islands and a vast coastline, the Philippines is in a unique position to harness the power of offshore wind energy and transform its energy landscape.

Source: evwind.es 22 June 2023

Philippines’ President Sets Country’s Offshore Wind Development In Motion

The Philippines’ President, Ferdinand R. Marcos Jr., issued Executive Order No. 21 on 19 April 2023, directing the country’s Department of Energy to put together a policy and administrative framework for offshore wind development and to commence work related to grid development. The Department of Energy (DOE) says the Executive Order is expected to accelerate offshore wind development in the Philippines and contribute to reaching the country’s targets of 35 per cent of renewable energy in its energy generation mix by 2030 and 50 per cent by 2040. Currently, the Philippines has 22 per cent of renewables feeding electricity into its grid.

Source: offshorewind.biz 27 April 2023

Corio Has Plans for 3 GW of Offshore Wind in Philippines

Corio Generation wants to install up to 3 GW of offshore wind in the Philippines and is preparing to bring forward offshore wind projects for upcoming auctions in the country. The developer aims to develop up to five projects under the Philippines’ wind energy service contracts that provide site exclusivity. The projects, including both fixed-bottom and floating wind farms, are planned to be located off the coasts of Cavite, Batangas-Mindoro, IIoilo and Guimaras.

Source: Renewablesnow.com 19 July 2023

BlueFloat to develop 7.6GW of offshore wind projects in the Philippines

Spanish offshore wind developer BlueFloat Energy will build a 7.6GW portfolio of offshore wind projects in the Philippines. The portfolio will be divided across four sites: Central Luzon, South Luzon, Northern Luzon and Southern Mindoro. The company has secured wind energy service contracts for the sites, each of which has a capacity between 1.5GW and 3.5GW. The company has been exploring the development of floating wind to tap this potential. It aims to leverage its expertise in the floating wind sector and its global experience to develop projects along the country’s coasts.

Source: Power-technology.com 5 June 2023