US Backs Philippines Offshore Wind Development

US Backs Philippines Offshore Wind Development

    US Backs Philippines Offshore Wind Development

    The United States Trade and Development Agency (USTDA) has awarded a grant to the Philippines’ Aboitiz Renewables, a subsidiary of Aboitiz Power Corporation, for a feasibility study to develop up to 3 GW of offshore wind projects in the Philippines.

    The study will help Aboitiz identify potential project sites and provide technical economic analysis to deploy up to 3 GW of offshore wind projects that could power more than two million homes in the Philippines and meet growing energy demand, USTDA said.

    The feasibility study will be done in collaboration with Rocky Mountain Institute and Singapore-based Clime Capital Management.

    “It is our goal to contribute to our country’s energy transition journey by exploring more zero-emissions indigenous energy sources. This offshore wind feasibility study is a step in the right direction as we further diversify our extensive renewable energy portfolio to achieve our goal”, said Emmanuel V. Rubio, AboitizPower President and Chief Executive Officer.

    In April, the Philippines’ Department of Energy (DOE) and the World Bank Group published the country’s Offshore Wind Roadmap.

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