A partnership comprising Seawind Asia AG, Stream Invest Holdings AG, and Triconti ECC Renewables has secured first grid connection agreements for offshore wind projects totalling 1,650 MW in the Philippines. The agreements were granted by the National Grid Corporation of the Philippines and cover three projects: the 450 MW Frontera Bay project and the 600 MW Guimaras Strait and 600 MW Guimaras Strait II projects. These three projects are currently in advanced preparation for the fifth round of the Green Energy Auction Programme scheduled for 2026.
According to the auction framework, renewable energy developers will compete for incentivised fixed tariffs by offering prices at or below benchmarks set by the energy regulator. Projects that qualify are assigned target completion timelines to retain incentives, which are funded through charges collected from grid-connected consumers through monthly electricity bills. Following the receipt of grid connection approvals, the consortium plans to accelerate development activities to ensure participation in the upcoming auction and advance project execution.
In November 2025, the Department of Energy of the Government of the Philippines issued the Notice of Auction and the Terms of Reference (ToR) for the fifth round of the Green Energy Auction (GEA-5). The auction marks the country’s first competitive process dedicated exclusively to fixed-bottom offshore wind projects. The round offers 3,300 MW to be delivered between 2028 and 2030.
