Power firms are heeding the call of the Department of Energy to explore opportunities in the country’s offshore wind industry following last week’s release of the Philippines Offshore Wind Roadmap, which is seen to bring in as much as 40 gigawatts of offshore wind installations by 2050.
While offshore wind power projects take longer to develop compared to solar power projects, AC Energy Corp. is interested to add more wind power in its portfolio. Aboitiz Power Corp. will also pursue wind power projects as these form part of the company’s goal of accelerating its renewable energy aspirations.
The Department of Energy and World Bank Group released last week the roadmap, which stated that the Philippines has a potential to install 21GW of offshore wind power by 2040, making up 21 percent of its electricity supply, under the high growth scenario. To achieve these scenarios, the roadmap provides guidance on actions that must be taken by the government–putting in place a long-term plan for offshore wind until 2050 as part of a decarbonized energy mix; establishing offshore wind development zones through further marine spatial planning; investment in transmission, port and other energy infrastructure upgrades; increasing collaboration with industry and other relevant government agencies; among others.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: bworldph - 🏆 9. / 68 Read more »
Source: cebudailynews - 🏆 8. / 71 Read more »