The Philippines and the UK are currently exploring offshore wind collaboration. As part of the collaboration, on February 13-17, 2023, the UK Government’s Department for Business and Trade (DBT), the Foreign, Commonwealth and Development Office (FCDO) of the British Embassy Manila, and the Department of Energy Security and Net Zero (DSENZ), hosted a Philippine delegation, led by the Department of Energy (DOE), for an offshore wind focussed strategic learning visit in the UK.
The visit provided an opportunity for the delegation to meet relevant UK regulators and industry stakeholders for knowledge sharing of best practices, regulatory frameworks, and industry development. Technical discussions cutting across significant stages in an offshore wind project lifecycle were held, covering topics that include Consenting, Contract for Difference (CfD), Marine Spatial Planning and Leasing, Permitting and Licensing, Grid Development, Offshore Electricity Transmission (OFTO), Financing & Bankability, and Industry and Supply Chain Development.
Additionally, a week after the trip, representatives from the British Embassy in Manila discussed with the DOE the establishment of regulatory frameworks and industry development plans.
Notably, the Philippine Government has expressed its goal to increase the use of renewable energy resources. Under the National Renewable Energy (RE) Program 2020-2040, the Philippines set a target of 35% share of RE in the generation mix by 2030 and 50% by 2040. In April 2022, the Philippine Offshore Roadmap was launched. To date, the DOE has awarded 55 offshore wind service contracts with an aggregate capacity of 40.68 GW and is drafting the policy and regulatory framework for offshore wind development.
(Sources: BusinessWorld; Gov.UK)