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Sunday, November 24, 2024

Offshore wind projects ready to take off with ports conversion

BuhaWind Energy Philippines, the joint venture between Danish firm Copenhagen Energy and PetroGreen Energy Corp., said Tuesday said the government’s decision to repurpose three critical ports, including the Currimao Port, is a “game changer” for the emerging offshore wind energy.

“Repurposing these ports is a game-changer for the Philippine offshore wind industry. The Currimao Port’s involvement in the BuhaWind project is crucial for establishing the Philippines as a significant player in the regional and global offshore wind market,” PetroGreen Energy president and chief executive Francisco Delfin Jr. said.

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The Department of Energy (DOE) and the Philippine Ports Authority (PPA) announced the repurposing of three strategic ports for OSW development, which sends a strong signal to the international offshore wind industry that the administration of President Ferdinand Marcos Jr. is dedicated to harnessing the Philippines’ abundant offshore wind resource to enhance energy resilience and drive economic development.

BuhaWind Energy said the Currimao Port in Ilocos Norte would play an essential role in the construction and operation of the 2,000-megawatt BuhaWind offshore wind farm in Northern Luzon.

The project is among the most advanced offshore wind developments in the Philippines and will contribute to substantial direct and indirect jobs in the region, estimated at 24,000 over a two-year construction phase and thirty-year operational period.

BuhaWind is also developing two other projects with expected capacity of 1,000 MW each in Northern Mindoro and East Panay.

The second priority port–Sta. Clara in Batangas—can serve BuhaWind’s Northern Mindoro project, contributing 1,000 MW of green electricity to the region.

“Over the last four years, CE and our partners from PetroGreen, have been engaged in a constructive dialogue with the representatives from the DOE and the PPA, and we applaud them for this important step in advancing offshore wind in the Philippines. Commitment on the selection and repurposing of the three ports is part of a series of recent positive developments, such as the announcement on the upcoming offshore wind Green Energy Auction expected in Q2-2025 and the NGCP’s grid extension plans,” Copenhagen Energy chief executive Jasmin Bejdić said.

BuhaWind Energy said it is committed to advancing its three OSW projects in the Philippines and appreciates the commitment and ongoing support from the government and local stakeholders.

These developments are vital for establishing a local offshore wind industry and contributing to the nation’s energy security.

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