Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Initial work starts on preparing three ports to serve offshore wind farms

by
September 22, 2024
in Top News
0
Initial work starts on preparing three ports to serve offshore wind farms
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
INSUNG YOON-UNSPLASH

THE Philippine Ports Authority (PPA) has kicked off the process of repurposing three ports to service the nascent offshore wind (OSW) industry, according to the Department of Energy (DoE).

“The PPA has formally expressed its full support to the DoE to initiate the detailed engineering designs and take immediate steps to repurpose three priority ports to ensure that they are fully equipped to handle the installation, commissioning, and operational requirements of OSW projects,” the DoE said in a statement on Sunday.

The DoE has identified the Port of Currimao in Ilocos Norte, Port of Batangas in Sta. Clara, Batangas City, and Port of Jose Panganiban in Camarines Norte as priority sites due to their proximity to high-potential offshore wind energy service contracts (OWESCs).

The Port of Currimao is located near 13 OWESCs with a potential capacity of 9,489 megawatts (MW). Of the total, three service contracts are in the “advanced pre-development stage.”

The port in Batangas is close to 29 OWESCs with a total capacity of 24,300 MW, with six contracts in the permitting, licensing, and data gathering stages.

Situated close to 14 OWESCs, the Port of Jose Panganiban is expected to service wind farms with estimated capacity of 8,150 MW. Two projects in the area are in the advanced pre-development phase.

“The modernization of port facilities will not only accelerate OSW projects but also play a critical role in securing the country’s clean energy future and promoting economic growth,” Energy Secretary Raphael P.M. Lotilla said.

Mr. Lotilla said that the ports will serve as “vital logistical hubs” throughout the lifecycle of the offshore wind projects — from installation to commissioning and decommissioning.

Upgrading these facilities will ensure that the Philippines is prepared to satisfy the increasing demands of OSW, which should yield “significant contributions to energy security and economic stability,” he said. 

“The PPA (is) committed to working closely with the DoE to ensure the completion of port infrastructure upgrades and to help usher in a cleaner, more sustainable energy future for the country,” PPA General Manager Jay Daniel R. Santiago said.

Mr. Santiago said that the PPA will be responsible for carrying out the feasibility study and infrastructure development at the three ports.

To date, the DoE has awarded 92 offshore wind energy service contracts to 38 renewable energy developers with a total potential capacity of 66.101 gigawatts (GW).

According to the Philippine Offshore Wind Roadmap, the Philippines has a potential capacity of about 63 GW if it taps offshore wind resources. — Sheldeen Joy Talavera

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post

Delays in landing imports also affecting shipments of meat

Recommended

“SocialBoxBiz Urges Businesses to Embrace Sustainable Reuse by Christmas 2025.”

“SocialBoxBiz Urges Businesses to Embrace Sustainable Reuse by Christmas 2025.”

November 27, 2024
Corporations told to avail SEC’s ECIP by Nov. 30

Corporations told to avail SEC’s ECIP by Nov. 30

November 4, 2024
TGI Fridays rescue leads to 1,000 job losses and 35 closures despite private equity buyout

TGI Fridays rescue leads to 1,000 job losses and 35 closures despite private equity buyout

October 8, 2024
PSI and Memorang Join Forces to Transform Test Preparation and Generate Exam Content Using AI Technology

PSI and Memorang Join Forces to Transform Test Preparation and Generate Exam Content Using AI Technology

October 2, 2024
AMZN: A Case Study in Bearish Divergence

AMZN: A Case Study in Bearish Divergence

February 25, 2025
Bluewater: New Study Reveals Over Half of Global Population Distrust Their Tap Water

Bluewater: New Study Reveals Over Half of Global Population Distrust Their Tap Water

August 29, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved