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MANILA, Philippines – A Danish agency is investing $3 billion for the 1-gigawatt (GW) San Miguel Bay offshore wind energy venture in Camarines Sur, targetting to ship electrical energy inside the time period of the Marcos administration.
Copenhagen Offshore Companions (COP) and its unique developer of offshore wind initiatives — Copenhagen Infrastructure Companions (CIP) — are eyeing to begin business operations of the San Miguel Bay grid by 2028.
“It must be inside the time period of the administration,” mentioned Robert Helms, accomplice of progress market fund at CIP, throughout a media briefing on Tuesday, September 10.
CIP had set a $5-billion capital expenditure for its 2GW portfolio of offshore wind initiatives, mentioned Helms, whereas round half a billion {dollars} is earmarked for his or her 300MW portfolio of onshore wind initiatives. A complete of $30 million is allotted for pre-development actions of the venture in Camarines Sur till mid-2025.
CIP’s different offshore wind initiatives are slated to be inbuilt Northern Samar and Pangasinan.
In response to Przemek Lupa, affiliate accomplice at CIP, they’re now engaged on the procurement of elements, geotechnical and geophysical surveys, and environmental influence evaluation.
“The development time is anticipated to be round a few years and our aim actually is to attain, to fee the facility plant inside the time period of the administration,” mentioned Lupa. “We’re pushing very onerous to come back on-line inside that time-frame.”
In comparison with different renewable power sources like photo voltaic and onshore wind, offshore wind is comparatively new to the Philippines.
President Ferdinand Marcos Jr. issued Govt Order 21 final yr to fast-track approval course of for offshore wind initiatives.
“Sometimes, the place offshore wind is new to the nation, we’d take a lead,” mentioned Helms.
Whereas the venture continues to be in its early phases, Helms mentioned they’ll ship electrical energy inside the pricing bracket of P9 to P16 per kilowatt hour.
“Essentially, sustainable power can solely type of exist on a pricing degree that’s aggressive,” the manager mentioned. “And even for the primary venture, we expect that we’ve got to work inside the bracket and doubtlessly on the decrease finish of it.”
The event of the primary offshore wind venture within the nation has been preceded by optimism, as it’s thought of the “favourite youngster” amongst different renewable power sources.
Vitality Undersecretary Rowena Cristina Guevarra mentioned that for one, offshore wind doesn’t hamper meals safety.
“It won’t compete with meals,” mentioned Guevarra in Filipino throughout an influence briefing final July.
Guevarra mentioned that with photo voltaic farms, 100 hectares of land are wanted to supply 100 megawatts.
“Pero yung offshore wind, ilagay mo dun sa offshore wala kang land na i-co-cover. That’s the first motive,” she mentioned.” (However with offshore wind, you don’t should cowl land.)
CIP inaugurated their new workplace within the Philippines in Bonifacio International Metropolis on Tuesday. The occasion was attended by Vitality Secretary Raphael Lotilla, Surroundings Secretary Toni Yulo-Loyzaga, and Particular Assistant to the President for Funding and Financial Affairs Secretary Frederick Go. – Rappler.com
