Philippines plans a roadmap for offshore wind development

The Philippines Department of Energy has started an Offshore Wind Roadmap initiative with World Bank Group funding. The project, funded by the World Bank’s Energy Sector Management Assistance Program, aims to identify sites in the Philippines with significant potential for offshore wind development. Under the initiative, policy proposals will be made to promote a favourable business climate for offshore wind investors. Its goals also include creating short- and long-term offshore wind targets, as well as developing methods for effectively integrating offshore wind into the government’s renewable energy portfolio. The country’s energy administration predicts that an extra 43.7 GW of new power capacity will be required by 2040. The government intends to reach 35 per cent renewable energy in the power generating mix by 2030, with more than 2 GW projected to come from the wind industry.

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