The Department of Energy (DOE) revamped its clean energy bidding program, expanding the installation targets for waste-to-energy projects while temporarily halting its offshore wind auction to adjust for grid and regulatory bottlenecks. In a statement, the DOE said the adjustments aim to attract...
The Department of Energy (DOE) has indefinitely suspended its landmark fifth round of the Green Energy Auction Program (GEA-5), dealing a temporary setback to the Philippines’ most ambitious offshore wind energy tender to date. The DOE issued an official advisory putting all activities and...
The Philippines, still under a state of national energy emergency, has secured a record $1.02-billion World Bank Group (WBG) financing package to help lower electricity costs, accelerate renewable energy (RE) adoption, and strengthen water services nationwide. In a press release dated June 25 and...
Investment czar and Department of Finance (DOF) Secretary Frederick D. Go is advancing the development of what is expected to become the Philippines’ and Southeast Asia’s first offshore wind farm, reinforcing the Marcos administration’s push to attract large-scale renewable energy (RE)...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified strategic investments in port infrastructure as the critical catalyst for unlocking billions of dollars in the Philippines’ offshore wind (OSW) sector. In its latest report released on Monday, June...
The Department of Energy (DOE) opened the application window for its delayed offshore wind auction, kickstarting a multi-gigawatt procurement process intended to accelerate the country’s transition toward clean power generation. Under the revised timeline for the fifth round of the Green Energy...
In the Philippine energy sector, ‘greed integration’ isn’t subtle anymore. It has been stamped in black and white with the jaw-dropping ₱11/kWh offshore wind price recently approved by the Energy Regulatory Commission (ERC). This rate applies to the targeted 3,300-megawatt capacity auction...
LONDON, England – As governments double down on offshore wind from Europe to the Asian markets, discussions are no longer just about gigawatt installations and climate targets. They have shifted toward a harsher reality: escalating curtailments that leave turbines idle and waste billions in...
Danish fund manager Copenhagen Infrastructure Partners (CIP) will build a $3-billion offshore wind farm project in Camarines Sur, Malacañang announced. The Palace said it will be the company 's first offshore wind development project in Southeast Asia. The deal was announced after President...
Melbourne, Australia—After the 5th green energy auction (GEA) for 3.3 gigawatts of offshore wind wraps up this year, the Department of Energy (DOE) is gearing up to launch at least four more renewable energy (RE) capacity tenders so it can open wider doors of opportunity for interested local and...
Melbourne, Australia – What does it take for us to disrupt the wind stream in our oceans, especially when so many projects in major markets are delayed, renegotiated, or scrapped before they even set sail? That’s the formidable puzzle that steered debates at the recently concluded APAC Wind...
Melbourne, Australia – The Philippines’ commitment to offshore wind is about to face its ultimate test. In the coming months, the country’s green energy auction (GEA) for this technology will kick off, separating the “brave soul investors” from those who will quit before the competition...
