Philippines is all set to launch the first-ever Philippines Offshore Wind Roadmap next week.
The country's Department of Energy is behind the road map. It is funded from the World Bank Group's Energy Sector Management Assistance Program.
It has been reported that the "roadmap will lay out the potential and concrete next steps for developing a robust offshore wind industry in the Philippines." It will be instrumental in establishing the country’s offshore wind market.
It comes at a time when Philippines has a rising energy demand and goals to increase renewable energy. According to the World Bank, Philippines has over 178GW of technical offshore wind potential.
Offshore wind is expected to play an important role in increasing energy security and decarbonization efforts in the Philippines.