The World Bank Group (WBG) has specified at least “six challenges” or investment risks to investors participating in the targeted 40,000-megawatt offshore wind farm capacity in the Philippines. The hurdles include energy costs; transmission or wheeling of generated electricity; environmental...
The Department of Energy (DOE) is eyeing capital flow of roughly $30 billion for the targeted 40,000 megawatts of offshore wind farm projects to be installed in the country until mid-century. According to Senior Energy Undersecretary Felix William Fuentebella, the prospective scale of offshore wind...
The Department of Energy (DOE) and the World Bank Group will jointly unveil on Wednesday, April 20, a market study that will cement the roadmap for the targeted 178megawatts of offshore wind farm developments in the country. The new study will serve as a follow-through to the previous comprehensive...
PetroGreen Energy Corporation, the energy investment arm of the Yuchengco Group, will be tapping a partner for its targeted 4,000 megawatts of offshore wind power projects in Luzon and Visayas grids. According to Francisco G. Delfin Jr., vice president of PetroEnergy Resources Corporation (PERC),...
The partnership of Singapore-headquartered The Blue Circle and Filipino firm CleanTech Global Renewable Inc. have secured a service contract from the Department of Energy (DOE) for their targeted 1,200-megawatt offshore wind farm installation in Bulalacao, Oriental Mindoro. The project...
PH, Spanish, Swiss firms to pioneer PH offshore wind projects By Myrna M. Velasco Spanish energy giant Iberdrola has inked an agreement with local developer Triconti Windkraft Group and Swiss-based Stream Investment Holding for at least five offshore wind projects that could institutionalize them...
The Department of Energy (DOE) and World Bank Group are soliciting inputs from industry stakeholders that they can incorporate in firming up the Offshore Wind Roadmap that will eventually serve as investment guide for such renewable energy (RE) installations in the country. In a recent...
The Department of Energy (DOE) will be stepping up on its drive to entice investors into the country’s embryonic offshore wind project developments. 20611 The department is slating a ‘collaborative virtual workshop’ Tuesday, July 2, with relevant industry stakeholders and targeted investors,...
The World Bank Group is crafting an offshore wind investment roadmap for the Philippines, so this could help harness the potential of this resource and will add up to its future power generation capacity. The launch of the project, as underpinned by a funding from the World Bank’s Energy Sector...
