Tricky Profit
  • Stock
  • Economy
  • Politics
  • Editor’s Pick
EconomyEditor's Pick

Offshore wind auction to offer capacity of 3,300 MW

by June 11, 2025
by June 11, 2025 0 comment

By Sheldeen Joy Talavera, Reporter

THE Department of Energy (DoE) said it opened up for stakeholder comment on the rules for fifth round of the green energy auction (GEA-5), which will offer 3,300 megawatts (MW) of capacity.

In a statement on Wednesday, the DoE said this round will focus on fixed-bottom offshore wind technology, with installation targeted for between 2028 and 2030.

“By prioritizing fixed-bottom offshore wind for GEA-5, we are investing in a technology that is ready to deliver,” Energy Secretary Raphael P.M. Lotilla said. “This allows us to set a strong and credible foundation for the country’s offshore wind sector, one that can deliver first power by 2028.”

The DoE said it opted for fixed-bottom as the focus of GEA-5 due to its “established global track record, cost-efficiency, and scalability.”

“This approach positions the DoE to expedite the near-term deployment of offshore wind, supporting large-scale and reliable renewable energy generation aligned with the country’s energy security and climate objectives,” the DoE said.

It said floating offshore wind technology remains in the early stages of development, pending which the Philippines must exploit “a critical window for proactive planning and capacity-building.”

Energy Undersecretary Rowena Cristina L. Guevara said the DoE remains open to floating offshore wind technology.

“As global experience grows and the technology matures, the DoE will reassess its inclusion in future auction rounds. For now, our focus is to build momentum with fixed-bottom projects that can succeed under current technical, regulatory, and infrastructure conditions,” she said.

The DoE is inviting offshore wind developers, port operators, transmission companies, and other parties to review the GEA-5 terms of reference and submit inputs, comments, or clarifications on or before June 18.

GEA-5 is expected to facilitate market access for offshore wind developers, ensuring long-term demand for their generation capacities.

The DoE expects offshore wind to play a key role in achieving the Philippine target of increasing renewable energy’s share in the power mix to 35% by 2030 and 50% by 2040.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Republican senator teams up with Democrat to push $15 per hour minimum wage plus annual inflation increases
next post
Immediate return of 35% tariff on rice seen fueling price shocks

You may also like

The current state of the global IPO market

June 15, 2025

Jobs blueprint for wholesale, retail out Monday

June 15, 2025

Palay farmgate price falls 28.9% in May

June 15, 2025

GOCC subsidies decline 48% in April

June 15, 2025

PHL external debt hits $146.74B at end-March

June 15, 2025

More FTAs seen as counter to Trump uncertainty

June 15, 2025

Bulk price growth of building materials in Metro...

June 13, 2025

Study finds Benham Bank on PHL Rise to...

June 12, 2025

Floating solar capacity raised in 4th GEA round

June 12, 2025

Japan visit to feature talks for chip, shipping...

June 12, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The current state of the global IPO market

      June 15, 2025
    • GOCC subsidies decline 48% in April

      June 15, 2025
    • Palay farmgate price falls 28.9% in May

      June 15, 2025
    • Jobs blueprint for wholesale, retail out Monday

      June 15, 2025
    • More FTAs seen as counter to Trump uncertainty

      June 15, 2025

    Disclaimer: TrickyProfit.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2025 TrickyProfit.com All Rights Reserved.

    Tricky Profit
    • Stock
    • Economy
    • Politics
    • Editor’s Pick