Wind Energy – Philippines
The gigawatt-scale of offshore wind projects being advanced into commercial development by London-headquartered Corio Generation had secured ‘green lane’ certification from the Philippine Board of Investments (BOI) as underpinned by Executive Order 18 issued by President Marcos.
The certification will streamline the process of permitting for the planned offshore wind farm ventures of the company, hence, will ease one of the trickiest bits of renewable energy (RE) project installations in the country.
Based on the service contracts awarded by the Department of Energy (DOE), the 3.0-gigawatt pipeline of offshore wind projects being pushed forward for implementation by Corio are sited in Cavite, Batangas-Mindoro in Luzon, as well as Iloilo-Guimaras domains in the Visayas.
Corio Development Director for the Philippines Alma Roxas-Aguila said: “These green lane certifications are crucial for our project development and efforts in helping the country reach its decarbonization targets.”
The initial round of offshore wind installations in the two specified sites that will be taking off from Corio’s project blueprints would yield 2.0GW capacity from fixed-bottom and floating offshore wind facilities.
