Shell, Alternergy to co-develop 1 GW offshore wind project off Mindoro island

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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%.

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