TAGUIG CITY - The Department of Energy (DOE) and the World Bank Group (WBG) is set to virtually launch the country's first ever Offshore Wind Roadmap on 20 April 2022. Said Roadmap is one of a series of offshore wind roadmap studies in emerging markets commissioned by the WBG, under the joint Energy Sector Management Assistance Program (ESMAP)-International Finance Corporation Offshore Wind Development Program.

Funded through the ESMAP, the event will bring together international and domestic stakeholders from the public as well as the private sectors, to discuss the way forward in developing a robust offshore wind industry in the Philippines. In particular, there would be dialogues on the technical, economic, environmental, social, employment, and financing aspects of establishing an offshore wind market in the country. 

The WBG has been working closely with the DOE to prepare this first-of-its-kind roadmap, which aims to tap the country’s 178-gigawatt offshore wind potential. The launch will be another opportunity supporting the Philippine's goal to move away from coal towards a more sustainable energy system. 

In addition to the presentation of the Roadmap, the event also features sessions that would tackle recommendations on policy and regulatory frameworks, setting the long-term vision for the industry, spatial planning, grid development and integration, as well as financing and commercial risks. 

The half-day launch is open to the public and will include interactive Q&A sessions. 

Information on previous events may be accessed through the following link: https://www.esmap.org/OffshoreWind-roadmap-Philippines.

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