More Offshore Wind Power Projects Planned For The Philippines This Year
) is aggressively pursuing on- and off-shore wind power projects. As investment portfolios, contracts and memoranda of understanding have been signed or deployed towards the end of March and the first week of April, energy analysts are in agreement that the archipelago will benefit from promoting wind power side by side with solar, wave, and geothermal energy sources.
Last October, the DoE issued forty wind energy service contracts with estimated total power output of 10 GW. To date, an additional 17 WESCs were sent out, adding another 42,000 MW to the total potential capacity. There is an estimated 178 GW offshore wind power potential in the Philippines, according to Energy Tracker Asia.Given the track the investments are coming in, the country has the potential to install 21 GW of offshore wind power by 2040.
There, CINMF service contracts have a 25-year operating period. The three projects are expected to offset about 2.9 million tons of CO2 emissions per year, and power about a million households, the DOE said.Aboitiz Power Corporation, a large “techconglomerate” in the Philippines, announced that continues to look for partners to develop 3 gigawatts of power from offshore wind projects.
Torbjorn Elliot Kirkeby-Garstad, Scatec general manager for Southeast Asia, said the projects, worth “billions of dollars,” were already secured.
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