Shell has partnered with British renewable energy firm Alternergy to develop offshore wind projects in the Philippines, the Philippine News Agency has reported.
The partnership will be carried out through Alternergy’s unit Pililla AVPC.
Go deeper with GlobalData
Alternergy chairperson Vince Perez said that the partnership plans to develop an offshore wind project with a potential capacity of 5GW in Calavite Passage.
He added that the firm will also develop 1GW of offshore wind capacity in the north-west corner of Mindoro.
Perez said: “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 wind projects.
See Also:
“Despite the amended implementing rules and regulations of the Renewable Energy Act that allows 100% foreign ownership for renewable energy projects, Alternergy and Shell are looking into maintaining the usual 60-40 equity share in favour of the local party.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe two firms intend to use the Batangas Port for the Calavite Passage offshore wind project.
Shell Asia-Pacific Offshore Power general manager Joe Nai said that the availability of infrastructures such as ports, cranes and vessels would support the development of the Philippines’ offshore wind industry.
Nai added that the offshore projects would boost other industries, as their development would require turbines, steel, towers and electrical cables among others, as well as design and construction skills.
Earlier this month, the Philippines’ Energy Secretary Rapahel Lotilla said that the country’s Department of Energy is drafting an executive order to stimulate investments in offshore wind projects.
Filipino President Ferdinand Marcos Jr will sign and issue the order once it has been finalised.
Last week, Shell and China General Nuclear Power Group decided to shelve plans to build a floating wind power project in France.
