MANILA, Philippines — The Department of Energy (DOE) and the World Bank Group (WBG) will…
The partnership between Alternergy and Shell for PH offshore wind projects
Tuesday saw the announcement of cooperation between Shell and the renewable energy company Alternergy Holdings Corp. to construct offshore wind projects in the nation.
Through Pililla AVPC Corp., a division of Alternergy, a collaboration with Shell will be forged.
The alliance is initially looking into establishing an offshore wind project in the Calavite Passage, which has a potential capacity of 5 gigawatts, according to Alternergy chairperson Vince Perez during a press briefing in Makati City.
The site, which is in the northwest corner of Mindoro, is where the company plans to generate 1 GW of offshore wind power.
Shell, as our strategic partner, will contribute its global track record, supply chain access, and technical expertise in developing sizable bottom-fixed and floating wind projects, according to Perez. Shell has over 20 years of offshore wind development experience and 50 years of deepwater offshore experience.
The former energy minister stated that Alternergy is “eagerly waiting” for the executive order (EO) authorizing offshore wind production from President Ferdinand R. Marcos Jr.
Department of Energy (DOE) Secretary Rapahel Lotilla stated last week that the organization is drafting the EO that Marcos will sign and publish in order to encourage investments in offshore wind projects.
The Marcos government sought to increase the proportion of clean energy in the nation’s energy mix and ensure energy security for Filipinos by utilizing indigenous energy resources.
“I expressed my gratitude to these local businesses and their international partners for making the audacious decision to provide the Filipino people with clean energy. Partnerships are a critical approach since harnessing the power potential of offshore wind resources demands significant capital expenditure and highly qualified people resources “In a statement on Tuesday, Lotilla stated.
Joe Nai, general manager of offshore power for Shell in Asia Pacific, stated at the same event that the expansion of the nation’s offshore wind industry will be aided by the availability of supporting facilities including ports, cranes, and boats, among others.
The businesses intend to use the Batangas Port for the Calavite Passage Offshore Wind Project.
According to Nai, the infrastructure for offshore wind projects will require turbines, steel, towers, electrical cables, and other materials, as well as project design and construction expertise.
According to Perez, Alternergy and Shell are looking into keeping the customary 60-40 equity split in favor of the local party despite the Renewable Energy Act’s amended implementing rules and regulations (IRR) allowing 100 percent foreign ownership for renewable energy projects.
The corporation is “not threatened,” Perez continued, by the revised IRR, which is thought to attract additional players to the nation’s renewable energy market.
Actually, we applaud the removal of the prohibitions on foreign ownership. As you can see from this synergy, it draws more players to the Philippines, yet we still feel threatened by it because we feel we bring complementary talents.
Cebuano English Filipino
We appreciate your reading. You may also consider sharing it with others.
Please comment below if you found this post interesting.
Be one of our DONOR / SPONSOR to support NextGenDay news website.