The Philippines: poised to become a major player in the offshore wind 

The Philippines has significant potential for offshore wind energy, with an estimated capacity of 178 GW, especially in deeper waters requiring floating turbines. The government is actively working on developing the offshore wind sector to meet its renewable energy goals.

Installed capacity and growth

• Currently, the Philippines has no installed offshore wind capacity.
• The country holds immense growth potential, with offshore wind seen as a key component of the energy transition.
• The sector is expected to expand rapidly in the coming years, driven by both local and international developers interested in tapping into the nation’s vast wind resources.

Government ambitions

• The Philippine government has set ambitious targets for renewable energy, particularly in offshore wind:
  • 2030 target: 15 GW of installed offshore wind capacity.
  • 2050 target: 50 GW of offshore wind capacity.
• These targets are part of the country’s broader renewable energy goals and the Philippine Development Plan to shift towards clean and sustainable energy sources.

Current and upcoming projects

• The Philippines has made considerable progress in advancing offshore wind projects:
  • 92 Offshore Wind Energy Service Contracts (WESCs) have been awarded, with a combined potential of 65 GW.
  • These contracts attract both domestic and international developers eager to invest in the offshore wind sector.
• Notable projects include:
  • Triconti Southwind’s 1 GW offshore wind farm proposal.
  • CleanTech Global Renewables’ plans for a large-scale offshore wind farm.
• These projects are crucial in helping the Philippines meet its renewable energy goals and its offshore wind capacity targets.

Recent developments

• The Philippine government has taken several significant steps to support the offshore wind sector:
  • Offshore Wind Roadmap launched to provide a clear framework for development.
  • New regulations and procedures are being introduced to streamline the permitting process and encourage project growth.
  • Ongoing work on marine spatial planning and further regulatory development is aimed at ensuring the sector’s smooth growth and alignment with environmental goals.
• These developments are essential for attracting investment and ensuring the sector’s sustainable and effective growth.

In summary, the Philippines is poised to become a major player in the offshore wind sector in Asia, with strong government support, ambitious goals, and a growing number of projects in the pipeline. The coming years will likely see significant progress toward the country’s renewable energy targets.

This information is updated in March 2025

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