The Philippines is steadily moving towards achieving its renewable target of a 35 percent share of renewable energy (RE) in the power generation mix by 2030 and a 50 percent share by 2040.
To this end, the Department of Energy (DoE) of the Philippines, following consultations with industry experts, is firming up the guidelines for issuing offshore wind energy service contracts in the next two months.
DOE assistant secretary Mylene Capongcol said, “They needed to update the draft OSWESC guidelines, taking into account additional inputs from the private sector and other agencies.”
“The detailed guidelines on offshore wind developments can be issued in two months. We are having a deep study on the timelines or the development activities because we adapted the onshore technology for the contract issuance based on the current guidelines,” Capongcol informed further.
“We have done several consultations with the players as well as the government agencies, and we are planning to have a more specific development timeline, like extending the pre-development stage from five to seven years,” she said.
Capongcol further pointed out,” The DOE faced challenges in finalizing the guidelines because of so many unknowns that we are still gathering.”