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

Gov’t port repurposing boosts BuhaWind’s offshore wind plans

by
September 24, 2024
in Top News
0
Gov’t port repurposing boosts BuhaWind’s offshore wind plans
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter
BUHAWIND.COM.PH

OFFSHORE wind energy developer BuhaWind Energy Philippines will advance its four-gigawatt (GW) projects after the government announced plans to repurpose three strategic ports as logistics hubs, a company official said.

“Repurposing these ports is a game-changer for the Philippine offshore wind industry,” PetroGreen Energy Corp. President and Chief Executive Officer Francisco G. Delfin, Jr. said in a statement on Tuesday.

“The Currimao Port’s involvement in the BuhaWind project is crucial for establishing the Philippines as a significant player in the regional and global offshore wind market,” he added.

BuhaWind is a joint venture between Denmark’s Copenhagen Energy and PetroGreen, the renewable energy arm of the Yuchengco group.

The company is developing the 2,000-megawatt (MW) BuhaWind offshore wind farm in Northern Luzon.

The Currimao Port will play an important role in the construction and operation of the wind project, it said.

BuhaWind is developing two additional 1,000-MW offshore wind projects in Northern Mindoro and East Panay, set for completion by 2031 and 2033.

The Sta. Clara port in Batangas will support the Northern Mindoro project.

The Department of Energy (DoE) has announced that the Philippines Ports Authority is crafting detailed engineering designs and repurposing three priority ports: Currimao in Ilocos Norte, Batangas in Sta. Clara, and Jose Panganiban in Camarines Norte, due to their proximity to high-potential offshore wind energy sites.

The DoE plans a green energy auction for offshore wind in mid-2025. So far, it has awarded 92 contracts to 38 developers, totaling 66.101 gigawatts of potential capacity. — 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
Airbus plans facility expansion in Philippines

Airbus plans facility expansion in Philippines

Recommended

RE players seek improvements in green energy auction

RE players seek improvements in green energy auction

September 23, 2024
Over 70% of Filipinos think account security risks are increasing — GSMA

Over 70% of Filipinos think account security risks are increasing — GSMA

November 27, 2024
Exploring the Use of Portable SSDs for iPhone Storage Expansion

Exploring the Use of Portable SSDs for iPhone Storage Expansion

November 13, 2024
PHL ranks second-most attractive emerging market for RE investment

PHL ranks second-most attractive emerging market for RE investment

December 9, 2024
Bad actors

Bad actors

August 4, 2024
Committing to education for all

Committing to education for all

August 15, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Prince Silver

    Prince Silver

    March 11, 2026
    Questcorp Mining Completes Induced Polarization Survey at the Marisa Zone – North Island Copper Project

    Questcorp Mining Completes Induced Polarization Survey at the Marisa Zone – North Island Copper Project

    March 11, 2026
    Byron King: Gold, Silver, Oil/Gas — Stock Ideas and Strategy Now

    Byron King: Gold, Silver, Oil/Gas — Stock Ideas and Strategy Now

    March 10, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

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

    Copyright © 2026 investdailypro.com | All Rights Reserved