Offshore wind (OSW) appears positioned to play a transformational role in the Philippines’ energy landscape by hopefully delivering massive generation capacity aligned with national decarbonization targets. Data from the World Bank Group Report indicates that the Philippines has an estimated 178 GW of untapped technical potential, with substantial areas along the country’s coastline offering viable, technically extractable wind resources. The country has an opportunity to use this resource to generate over 20 percent of its electricity by 2050.
Executive Order (EO) No. 21, s. 2023, issued by President Ferdinand Marcos, Jr., seeks to prioritize and accelerate the establishment of an OSW industry in the country. EO No. 21 mandates the creation of a comprehensive policy and administrative framework for OSW development and designates the Department of Energy (DOE) as the lead agency responsible for driving this initiative.
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This bulletin was prepared by Mark Xavier D. Oyales, partner of the Firm and a member of the Renewable Energy Group of SyCipLaw’s Special Projects Department, with the assistance of Senior Associate Fenina Maria C. De Leon.