Aboitiz family gets US funding for 3GW wind power feasibility study

The Philippines’ bid to increase the share of renewable energy among its sources got a boost following the awarding of a grant by the US government to Aboitiz Renewable Inc. which is seeking to conduct a feasibility study to develop up to three-gigawatt wind power capacity.

In a briefing on Saturday, US Secretary of State Antony J. Blinken highlighted the importance of coordination among governments to solve several issues such as the impact of climate change.

He said the Philippines, for one, “is especially vulnerable to dealing with more intense typhoons, extreme rainfall, rising temperatures and sea levels.”

Blinken said the project would produce up to 3,000 megawatts of clean energy every single year, enough to power more than two million poles.

Data from the US Department of State said the US Trade and Development Agency has provided funding for several projects involving smart grids, renewable power generation, distributed energy, and energy storage systems.

To date, USTDA has completed 33 energy activities in the Philippines which were estimated to have generated more than $557 million in US exports.

Blinken said the US government would support the Philippines’ bid to source 35 percent of its energy mix from renewable energy by 2030 and 50 percent by 2040.

He said the grant for a feasibility study on wind power in the country will be a major contributor to helping the government achieve its goals to tap the country’s RE potential.

“We hope to galvanize more investment in wind power. That’s an industry with tremendous potential for growth in the Philippines,” he said. (PNA)

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