Presidential aspirant Ferdinand “Bongbong” Marcos Jr. on Wednesday expressed belief that the Philippines could be a major offshore wind power producer.
Should he win in the May 9 elections, Marcos said he would push for regulatory and policy reforms to strengthen the country’s potential as a major offshore wind power producer.
He said wind power could help the country lower its electricity rate and become a competitive destination for foreign investments in a post-pandemic environment along with other renewable energy sources.
“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 in a press release.
"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 said he is hoping that the offshore wind power roadmap, which is being developed by the Department of Energy (DOE) and the World Bank Group, would be completed soon.
This roadmap, he said, will ensure that 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, a former senator, said. —Anna Felicia Bajo/KBK, GMA News