The Department of Energy (DOE) is delaying the country’s first-ever renewable energy auction dedicated to offshore wind to the fourth quarter, as the agency works to address stakeholders’ concerns on a new provision embodied in the proposed terms of reference (TOR). From the previously slated...
The Department of Energy (DOE) said there is significant interest from private port developers in establishing facilities for incoming offshore wind (OSW) projects under the fifth round of the Green Energy Auction (GEA-5). Energy Assistant Secretary Mylene Capongcol told reporters that the success...
The Department of Energy (DOE) is urging renewable energy (RE) developers to submit their infrastructure plans early for the fifth Green Energy Auction (GEA-5). In a statement on Tuesday, July 1, the DOE said the early submission aims to facilitate inter-agency coordination and minimize the risk of...
Ayala-led ACEN Corporation has secured a loan agreement with a Danish firm to develop the Philippines ' first large-scale offshore wind project. In a disclosure to the Philippine Stock Exchange on Tuesday, June 24, ACEN said the company executed a share purchase and loan agreement with CI NMF...
Offshore wind investors from Spain, the United Kingdom, as well as other European countries are already storming out of the door when it comes to their targeted investments in the Philippines’ offshore wind sector, a highly placed source has affirmed. The source conveyed that “many European...
The Department of Energy (DOE) announced that the Atlantic, Gulf & Pacific Co. of Manila Inc. (AG&P) is ready to help the Philippines in its pursuit of offshore wind (OSW) developments. In a statement on Wednesday, June 4, the DOE shared that AG&P would support the country’s port infrastructure,...
Yuchengco-led PetroEnergy Resources Corp. (PERC) announced that the Northern Luzon offshore wind (OSW) in Ilocos Norte has been granted a pre-development environmental compliance certificate (ECC) from the Department of Environment and Natural Resources (DENR). In a disclosure to the Philippine...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified the Philippines as one of the top markets to watch for wind energy growth. In its 2025 Global Wind Report, GWEC noted that Asia-Pacific (APAC) countries, including the Philippines, Japan, South Korea,...
Japan's Mitsui O.S.K. Lines (MOL) has expressed interest in supporting offshore wind (OSW) development in the Philippines. In a briefing on Thursday, Feb. 6, Yasunori Takamatsu, president of MOL Enterprise Philippines, Inc., said the company is open to transporting materials needed for OSW...
The Department of Energy (DOE) is supporting eight developers to pursue offshore wind (OSW) projects totaling nearly 17,000 megawatts (MW) set to begin construction in 2027. According to DOE data, these frontrunner projects have a potential capacity of 16,652 MW and are located in several...
The country's offshore wind industry is just lifting off, but its massive potential is already making waves – and it is poised to redefine the Philippines’ energy future. Reaching the first megawatt of offshore wind power demands more than just ambition—it demands seamless alignment of every...
The Department of Energy (DOE) is firming up a policy that will reduce the performance bond requirement for offshore wind projects to a leaner five percent, a departure from the typical 20 percent required in green energy auctions (GEA) for other renewable energy (RE) technologies. At a year-end...
