DOE, WB to launch the country’s first Offshore Wind Roadmap

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THE Department of Energy (DOE) announced today that it will launch the country’s first-ever Offshore Wind Roadmap, together with the World Bank Group (WBG) via a virtual event happening on April 20, 2022.

The roadmap is one of a series of offshore wind roadmap studies in emerging markets commissioned by the WBG, under the joint Energy Sector Management Assistance Program (ESMAP)-International Finance Corporation Offshore Wind Development Program.

The event will be the platform to discuss issues on the development of a robust offshore wind industry in the Philippines.

Funded through the ESMAP, the event will gather international and domestic stakeholders from the public as well as the private sector. Featured discussions and dialogues will focus on the technical, economic, environmental, social, employment, and financing aspects of establishing an offshore wind market in the country.

The WBG has been working closely with the DOE to prepare this first-of-its-kind roadmap, which aims to tap the country’s 178-gigawatt offshore wind potential. The launch will be another opportunity to support the country’s goal to move away from coal towards a more sustainable energy system.

In addition to the presentation of the roadmap, the event also features sessions that would tackle recommendations on policy and regulatory frameworks, setting the long-term vision for the industry, spatial planning, grid development and integration, as well as financing and commercial risks.

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