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

Feasibility study to take 2 years for ports servicing wind industry

by
September 29, 2024
in Top News
0
Feasibility study to take 2 years for ports servicing wind industry
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

THE Department of Transportation (DoTr) said it is hoping to complete in two years the feasibility study, including the detailed engineering design, for two ports to be repurposed to service offshore wind farms.

“Feasibility study and detailed engineering design take 18 to 24 months to complete but our target is (to finish it) as soon as possible,” Transportation Undersecretary for Maritime Elmer U. Sarmiento said via Viber.

Last week, the Department of Energy (DoE) and the Philippine Ports Authority (PPA) said they will start the process of repurposing three ports to service the offshore wind industry.

Ports will be a key link in developing offshore wind farms, serving as the base from which operators can transport materials needed offshore.

According to the DoE, the Port of Currimao in Ilocos Norte, the Port of Batangas in Sta. Clara, Batangas City, and the Port of Jose Panganiban in Camarines Norte have been shortlisted for repurposing, though the study covers only Currimao and Batangas. 

The DoE has said that it will initiate the detailed engineering design process to ensure that the ports can handle the installation, commissioning, and operational requirements of offshore wind projects.

In July, PPA General Manager Jay Daniel R. Santiago said the Philippines will likely miss its target of launching offshore wind farm operations by 2028 due to lack of progress in developing specialized ports servicing wind farms.

The DoE has said that at least 10 concessions with a combined capacity of 6.72 gigawatts (GW) are projected to be operational by 2028.

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

The Batangas Port is close to 29 OWESCs with a combined capacity of 24,300 MW. Six of these contracts are in the permitting, licensing, and data gathering stages.

The PPA has said that at least nine ports are candidates for repurposing for servicing offshore wind projects.

“We cannot do all nine ports at the same time. Offshore wind projects are really capital intensive. We will prioritize what we consider as doable,” Mr. Sarmiento said.

Currently, the DoE has awarded a total of 92 OWESCs with a combined capacity of 66.10 gigawatts (GW) to 38 renewable energy companies.

The Philippines has an estimated 178 GW of potential offshore wind energy capacity, according to the World Bank. — Ashley Erika O. Jose

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
Abra official’s suspension final

Abra official’s suspension final

Recommended

BARMM economic potential; US debt and elections

BARMM economic potential; US debt and elections

October 16, 2024
PHL sustainable finance framework leaves room for interpretation — IEEFA

PHL sustainable finance framework leaves room for interpretation — IEEFA

October 1, 2024
Miliband planning shake-up to bypass local opposition in wind farm push

Miliband planning shake-up to bypass local opposition in wind farm push

December 13, 2024
Goldman Sachs Kostin Warns of a Potential S&P 500 Correction

Goldman Sachs Kostin Warns of a Potential S&P 500 Correction

March 4, 2025
What to do if your website is hacked

What to do if your website is hacked

November 12, 2024
Flynn Expands Key Gold Targets at Golden Ridge, NE Tasmania

Flynn Expands Key Gold Targets at Golden Ridge, NE Tasmania

January 14, 2025

    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