The Department of Energy (DOE) and the World Bank launched a roadmap for PH’s offshore wind power potential on April 20, which showcased the country’s potential in harnessing electric power from the wind and developing it into a successful industry.
In the road map, which is titled “Offshore Wind Roadmap for the Philippines,” both DOE and the multilateral lender underscored the country’s capacity to establish 21 gigawatts of offshore wind power by the year 2040.
The power supply that will be generated from these wind structures will help wean PH off of its dependence on fossil fuels. In 2020, the energy produced from fossil fuels accounted for about 79% of the Philippines’ power generation mix, according to a government report. Meanwhile, coal power accounted for nearly 60% of the mix.
Renewable energy contributed 21 percent. Solar, wind, and biomass, accounted for just 4% of the overall renewable energy mix. However, the government plans to significantly increase this statistic, targeting an improvement of 35% by 2030 and 50% by 2040.
The roadmap also underlined concrete steps the government can take to develop a robust offshore wind industry in the Philippines.
It also called on stakeholders from across the public and private sectors to discuss technical, economic, environmental, social, employment, and financing aspects of establishing the country’s offshore wind market.
Click here to watch the full presentation.
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