Bongbong sees PH as global offshore wind-power juggernaut

6 April 2022

PRESIDENTIAL frontrunner Ferdinand 'Bongbong' Marcos said he would push for regulatory and policy reforms to enable the country to realize its potential as a major offshore wind power producer globally after he wins in the upcoming 2022 national elections.

The UniTeam presidential bet believes that wind power, along with other Renewable Energy (RE) sources, can help the country lower its electricity rate over the long term and become a competitive destination for foreign investments in a post-pandemic environment.

"We have the potential to be a major wind power producer in the world.  Our unique topography is very suitable for building offshore wind farms and we should take advantage of it to produce cheap electricity," Marcos said.

"We need to be competitive in a post-pandemic global economy and having low electricity rates is crucial in drawing in more foreign direct investments as we pursue aggressive growth targets," Marcos added.

According to 2019 data, the Philippines ranks third among Asia countries with the most expensive power rates at P10 per kWh, after Japan and Singapore.

Marcos is also hoping for the completion of the offshore wind power roadmap being developed by the Department of Energy (DoE) and the World Bank Group, which is expected to be ready within the month.

The offshore wind power roadmap will ensure that adequate rules and regulations are in place to guide the government in working with all industry stakeholders.

"It would be good to have the roadmap completed at the soonest possible time since it will provide us with the policy framework to fast-track the deployment of wind farms in the country," Marcos added.

According to the World Bank Group, the Philippines has approximately 170 gigawatts (GW) of untapped offshore wind potential.

To date, the DoE has awarded five wind energy service contracts with a combined capacity of 1.85 GW for offshore wind projects; Guimaras Strait (100MW), Aparri Bay (100MW), Guimaras Strait II (600MW), Frontera Bay (450MW), and San Miguel Bay (600MW) which are all expected to be completed in 2031.

The Doe has also received nine additional letters of intent for offshore projects with a total capacity of 12GW.

"Low electricity rates and a steady supply of it are important considerations for would-be investors.  As such, we are pushing for the wider use of renewable energy sources as we veer away from our reliance on imported oil," Marcos stressed.

A Norwegian consulting firm predicts that offshore wind's contribution to the energy mix of nations will increase to 40% of total wind energy production from 29GW in 2019 to 1,748 by 2050.

The firm also expects technological breakthroughs in floating offshore wind, another subsector, would widen its adoption as it would redound to reduced costs and increased production.

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FILIPINO VERSION

Pinas may potensiyal na manguna sa wind power production sa buong mundo – Bongbong

ISUSULONG ni Presidential frontrunner Ferdinand 'Bongbong' Marcos Jr. ang mga reporma sa regulasyon at patakaran para maging isang major wind power producer ang Pilipinas sakaling siya ang palarin sa darating na 2022 national elections.

Naniniwala ang UniTeam presidential bet na ang wind power, kasama ang iba pang Renewable Energy (RE) sources, ay makakatulong sa bansa na mapababa ang presyo ng kuryente nito upang lalong makaakit ng mas maraming dayuhang mamumuhunan matapos ang pandemya.

"We have the potential to be a major wind power producer in the world.  Our unique topography is very suitable for building offshore wind farms, and we should take advantage of it to produce cheap electricity," sabi ni Marcos.

"We need to be competitive in a post-pandemic global economy, and having low electricity rates is crucial in drawing in more foreign direct investments as we pursue aggressive growth targets," dagdag pa ni Marcos.

Ayon sa datos noong 2019, pumangatlo ang Pilipinas sa mga bansa sa Asya na may pinakamamahal na singil sa kuryente sa P10 kada kWh, kasunod ng Japan at Singapore.

Umaasa rin si Marcos na makukumpleto ang offshore wind power roadmap na binubuo ng Department of Energy (DoE) katuwang ang World Bank Group, na inaasahang matatapos sa loob ng buwan na ito.

Titiyakin ng nasabing offshore wind power roadmap na may sapat na mga tuntunin at regulasyon upang gabayan ang gobyerno sa pakikipagtulungan sa lahat ng mga kasama sa nasabing industriya.

"It would be good to have the roadmap completed at the soonest possible time since it will provide us with the policy framework to fast-track the deployment of wind farms in the country," saad pa ni Marcos.

Ayon sa World Bank Group, ang Pilipinas ay may humigit-kumulang 170 gigawatts (GW) ng hindi pa nagagamit na offshore wind potential.

Sa ngayon, iginawad na ng DoE ang limang wind energy service contracts na may pinagsamang kapasidad na 1.85 GW para sa mga proyektong; Guimaras Strait (100MW), Aparri Bay (100MW), Guimaras Strait II (600MW), Frontera Bay (450MW), at San Miguel Bay (600MW) na inaasahang matatapos sa 2031.

Nakatanggap din ang DoE ng siyam na karagdagang letter of intent (LOI) para sa mga offshore wind projects na may kabuuang kapasidad na 12GW.

"Low electricity rates and a steady supply of it are important considerations for would-be investors. As such, we are pushing for the wider use of renewable energy sources as we veer away from our reliance on imported oil," diin pa ni Marcos.

Tinataya ng isang Norwegian consulting firm na ang kontribusyon ng offshore wind sa energy mix ng mga bansa ay tataas sa 40% ng kabuuang wind energy production mula 29GW sa 2019 hanggang 1,748 sa 2050.

Inaasahan din ng nasabing kumpanya na bababa ang gastos sa pagbuo ng mga floating offshore wind farms, isang subsector, na makakatulong sa mas malawak na paggamit nito.

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