- Published: 05 June 2023 05 June 2023
BlueFloat Energy has announced its market entry in the Philippines through the acquisition of the Wind Energy Service Contracts (WESCs) for four sites in the Philippines – Central Luzon, South Luzon, Northern Luzon, and Southern Mindoro.
The Philippine offshore wind roadmap released in April 2022 by the Department of Energy and the World Bank Group, estimated that the Philippines has the potential to install 21GW of offshore wind power by 2040. BlueFloat Energy has been working more than 18 months on unlocking this offshore wind potential by exploring the development of floating wind.
The country’s total technical potential for offshore wind is estimated at 178 GW in the World Bank’s offshore wind roadmap for the Philippines BlueFloat Energy plans to leverage its floating wind expertise and global experience to develop projects along the Philippine coasts. BlueFloat Energy will work closely with the local communities, government entities, and other stakeholders to ensure that its projects comply with environmental regulations, respect local cultures, and provide long-term benefits for the communities in which it operates.