Corio Generation aims to develop up to five offshore wind projects totalling 3 GW in the Philippines off the coast of Cavite, Batangas-Mindoro, Iloilo, and Guimaras under wind energy service contracts (WESCs) that provide site exclusivity.
A couple of months ago, the company received green lane certification from the Philippine Board of Investments, which is expected to simplify the permitting process for the firm’s upcoming projects.
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In June 2023, BlueFloat Energy announced that the company secured WESCs for four (floating) offshore wind project sites in the country.
According to the Philippine media , BlueFloat’s projects have a total capacity of 7.5 GW, with individual offshore wind farms’ capacities ranging between 1.5 and 3.5 GW.
In March 2023, CIP signed a 25-year Offshore Wind Service Contracts with the Philippines’ Department of Energy (DOE) for three offshore wind farms totalling 2 GW in capacity.
The company’s three projects are proposed to be developed offshore Camarines Norte and Camarines Sur, offshore Northern Samar, and offshore Pangasinan and La Union.
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The Philippine government plans to begin a bidding process for offshore wind projects by the end of this year, with submissions due eight months after the tender’s initiation, the Manila Bulletin reports, citing Energy Undersecretary Rowena Cristina Guevara. In April 2022, the World Bank and the Phi
