Shell, Alternergy to co-develop 1 GW offshore wind project off Mindoro island
Date
November 24, 2022
Type
Projects
Subtype
Project in planning
Countries
Philippines
Subsectors
Offshore Wind
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Alternergy Holdings Corporation and Shell have launched a joint venture (JV) to develop a 1 GW offshore wind project off the Philippine island of Mindoro.
The partnership is initially exploring the possibility of installing a 5 GW offshore wind project in Calavite Passage.
Under the terms of the agreement, Alternergy will hold a 60% ownership in the JV, while Shell would control the remaining 40%.
