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
10
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

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026
Top News

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026

June 11, 2026
FTSE 100 edges higher as investors balance financial recovery and AI risks
Top News

FTSE 100 edges higher as investors balance financial recovery and AI risks

June 11, 2026
SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares
Top News

SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares

June 11, 2026
Dow futures surge 370 points: 5 things to know before market opens
Top News

Dow futures surge 370 points: 5 things to know before market opens

June 11, 2026
Why Claude Mythos Preview is a wake-up call for Wall Street
Top News

Why Claude Mythos Preview is a wake-up call for Wall Street

June 11, 2026
SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63
Top News

SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63

June 11, 2026
Next Post

Delays in landing imports also affecting shipments of meat

Recommended

DoubleDragon Q2 profit up 15% on higher hotel revenue

DoubleDragon Q2 profit up 15% on higher hotel revenue

August 15, 2024
PHL digital banks told to offer targeted products, boost scale to be profitable

PHL digital banks told to offer targeted products, boost scale to be profitable

October 22, 2024
PSEi slumps on profit-taking, faster inflation

PSEi slumps on profit-taking, faster inflation

January 7, 2025
Aboitiz, House of Investments partner for Tarlac Economic Estate

Aboitiz, House of Investments partner for Tarlac Economic Estate

October 10, 2024
Household confidence in UK economy wanes after six months of growth

Household confidence in UK economy wanes after six months of growth

August 23, 2024
Sandstone Strategic Plan to Deliver Long-Life Production Hub

Sandstone Strategic Plan to Deliver Long-Life Production Hub

January 27, 2026

    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.

    Dollar General CEO exposes bitter reality about today’s economy

    Dollar General CEO exposes bitter reality about today’s economy

    June 12, 2026
    Cathie Wood dumps $12.7M of tumbling, next-gen travel stock

    Cathie Wood dumps $12.7M of tumbling, next-gen travel stock

    June 12, 2026
    Goldman Sachs rethinks what’s next for cybersecurity stocks

    Goldman Sachs rethinks what’s next for cybersecurity stocks

    June 12, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved