AboitizPower to study potential for up to 3 GW of offshore wind in the Philippines

Wind turbines at sea. Author: CGP Grey. License: Creative Commons, Attribution 2.0 Generic.

August 8 (Renewables Now) - Philippine power producer Aboitiz Power Corporation is looking to develop up to 3 GW of offshore wind projects at home with the help of partners from the US and Singapore.

Under a collaboration with Singapore-based investment firm Clime Capital Management, the Rocky Mountain Institute of the US and the United States Trade and Development Agency (USTDA), AboitizPower will conduct a feasibility study on the scheme, it said on Monday.

Work on the feasibility study is due to be launch on August 11 and be completed by the middle of 2023. USTDA is partly funding the initiative.

According to AboitizPower, the major goal of the project is to evaluate the available wind resource and unlock the offshore wind market for further development. The energy group will lead the pre-feasibility assessment and wind data collection phase.

As of end-2020, the Philippines had 443 MW of onshore wind farms in operation. In view of its vast potential for offshore wind deployment, the country is believed to be capable of growing its installed wind turbine capacity to 3 GW by 2040 and 6 GW by 2050, while the national government aims for 12 GW by 2040.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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