AboitizPower plans to develop 3 GW offshore wind assets in the Philippine
Aboitiz Renewables Inc., a renewable energy unit of Aboitiz Power Corp., has been awarded a grant by the United States Trade and Development Agency to conduct a feasibility study for the potential implementation of offshore wind projects in the Philippines.
The study aims to identify ideal sites where the projects are to be constructed and provide technical and economic analysis for the potential 3 GW wind power generation.
Aboitiz is partnering with Singapore-based investment firm Clime Capital Management and the Rocky Mountain Institute of the US to conduct the feasibility study. The study is expected to complete in the middle of 2023.
Country updates
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July 26, 2022
PAVI secures clearance for solar project in Naga
The Philippine Board of Investments (BOI) has approved the construction of a PHP2 billion (US$35.8 million) solar photovoltaic (PV) park in the Camarines Sur region with a generating capacity of 40.4...
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July 11, 2022
ACEN to complete 160 MW wind farm in Ilocos Norte next year
AC Energy Corp, the Philippines-based development company, anticipates to finalize the 160 MW Balaoi and Caunayan wind power project in the province of Ilocos Norte next year. The corporation is also...
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July 06, 2022
Shell to build LNG terminal in Batangas
Shell Energy Philippines plans to invest a sum of PHP3.5 billion (US$66 million) for the development of a liquefied natural gas (LNG) import terminal in Batangas City, the Philippines. The LNG...
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July 01, 2022
Philippines approves 24 bidders for 2 GW renewables auction
The Green Energy Auction Bids Evaluation and Awards Committee (GEA-BEAC) of the Philippines' Department of Energy (DOE) has authorized 24 bidders to compete in an auction to allocate 2 GW of renewable...
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June 16, 2022
Prime Infrastructure Holding plans to build 3.5 GW solar-with-energy storage project in the Philippines
Prime Infrastructure Holdings Inc. has announced its plans to build a 3.5 GW solar-with-energy storage project in the Philippines. The energy storage system will have a capacity of up to 4...
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