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2022-10-24 11:50:00

PHILIPPINES RENEWABLE 30 GW

PHILIPPINES RENEWABLE 30 GW

IEEFA - October 21, 2022 - The Department of Energy said Thursday it issued 40 offshore wind service contracts with a potential capacity of 30,000 megawatts.

“We have issued the offshore wind service contracts to about 20 offshore wind developers, and this involves around 40 offshore wind contracts with an equivalent of about 30 GW of potential capacity, only for offshore wind,” Energy assistant secretary Mylene Capongcol said.

Capongcol said the agency was studying the cost per megawatt of developing offshore wind projects, as it is a new technology for the Philippines.

“We cannot quote the other experiences or costings in other countries like the UK, [or] even the European Union because their offshore wind [industry] is already mature, so it is cheaper,” she said.

“We will still determine because we have different frameworks because we are purely private sector-driven,” Capongcol said.

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Earlier:

PHILIPPINES RENEWABLE 30 GW
2022, August, 25, 09:35:00
NUCLEAR FOR PHILIPPINES
The Philippines built a nuclear power plant in the late 1970s, but the project was stopped in 1986, and fuel was not loaded into it.
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Tags: PHILIPPINES, RENEWABLE, WIND