The Filipino-Swiss renewable energy developer Triconti Windkraft Group has signed a partnership agreement with the Liechtenstein-based investor Sea Wind Holding for the development of two offshore wind power projects totalling over 1.6 GW in Luzon and the Visayas (Philippines).
Sea Wind joins the consortium to fast-track the development of the two offshore wind projects, namely the 450 MW Frontera project, located outside Manila Bay off the provinces of Cavite and Bataan (Luzon), and the 1.2 GW Guimaras Strait project, located off the coast of Negros Occidental (Visayas).
The Philippines aims to bring the share or renewables in the power generation mix to 35% by 2030 and 50% by 2040. Renewables represent 22% of the Philippine’s mix (2021), of which 10% from geothermal, 9% from hydro, and 1% each from wind, solar and biomass. The country possessed 443 MW of onshore wind capacity in 2021 (no offshore wind).
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