Permitting and Consenting to Offshore Wind Energy OSW, Part of the Acceleraing Ofshore Wind Development in the Phillippines Project

Project Dates: January 2022 - December 2040

Permitting and Consenting to Offshore Wind Energy OSW, Part of the Acceleraing Ofshore Wind Development in the Phillippines Project

PROJECT OBJECTIVE

The Philippines is accelerating development of offshore (OSW) wind, starting with 42 projects awarded with service
contracts, with a cumulative capacity of 31.5 GW. However, the absence of marine spatial planning (MSP) and a clear
permitting process for OSW projects pose barriers. ETP will address these barriers through two projects, critical steps in
jumpstarting offshore wind by reducing uncertainties in project development, and thereby de-risking offshore wind power
investments. The first will develop the country’s MSP planning framework for the identification of viable sites. The second
project will define the permitting and consenting process for OSW projects. Both projects will facilitate the diversification
of the country’s power generation mix and contribute to the completion of up to 31.5 GW of the first set of offshore wind
projects and in attaining 50% renewables’ share by 2040

PROJECT DESCRIPTION

In 2020, the World Bank identified 178 GW of offshore wind technical potential in the Philippines. The recently published World Bank Offshore Wind Roadmap for the Philippines lays out market barriers and opportunities to develop an offshore wind industry that can thrive in local conditions. Given the Government outlook and the offshore wind potential of the Philippines, there is a large opportunity for developers interested in investing in the Philippines. Although the country is yet to set out specific offshore wind targets, the offshore wind roadmap presents two scenarios that aim to achieve an installed capacity of between 1.6 to 2.8 GW of OSW by 2030 and reach up to 40.5 GW by 2050.