Alternergy Holdings Corp., through its wholly-owned subsidiary Pililla AVC Corp., (PACO) partnered with Shell Overseas Investment B. V., to jointly explore the vast offshore wind potential in the Philippines.
The partnership of Alternergy and Shell has obtained a wind energy service contract (WESC) from the Department of Energy (DoE) to assess the feasibility of an offshore wind project in the windswept Calavite Passage near Mindoro.
Alternergy chairman and former Energy Secretary Vince Pérez said this is a partnership of combined competencies and experiences towards the goal of boosting the Philippines’ renewable energy target.
Perez said the Philippines’ offshore wind industry is promising and still at its nascent stage.
He cited a report by the World Bank which estimates that robust development of offshore wind could add 20 gigawatts of installed capacity by 2040, accounting for 14 percent of the Philippines electricity needs and some $14 billion of value added to the economy.
“Shell, as our strategic partner with 50 years of deep water offshore and over 20 years of offshore wind development experience, will bring in its global track record, supply chain access, and technical expertise in developing large scale bottom-fixed and floating offshore wind projects,” he said.
Lorelei Q. Osial, country chair of the Shell companies in the Philippines, said the country “is moving towards a low-carbon future and offshore wind is well positioned to support this energy transition.”