World Bank publishes offshore wind roadmap for Philippines

Image: PixabayImage: Pixabay
“The Philippines has a rapidly growing demand for power,” said DOE Secretary Alfonso G. Cusi . “It is clear from this roadmap that offshore wind can play a major role in meeting our country’s energy demand indigenously, while also accelerating decarbonization.”

Official Press Release World Bank:

New Roadmap Shows Potential for 21GW of Offshore Wind by 2040 in the Philippines

A new roadmap released today by the Department of Energy (DOE) and the World Bank Group (WBG) shows that the Philippines has potential to install 21GW of offshore wind power with the right long-term vision, infrastructure development, investment, and policies.

The Philippines Offshore Wind Roadmap charts out the potential for developing a robust offshore wind industry in the Philippines in two potential scenarios. The low growth scenario provides a roadmap for installing offshore wind at levels in line with the DOE’s national renewable energy program, and the high growth scenario provides a roadmap for installing much higher levels that... ... More: Official Press Release World Bank

World Bank, offshore, roadmaß, expansion, wind farm, portfolio, DOE, WBG, Philippines, Asia, installation, floating, cost reduction, investment, competiton

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