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.
Read the full bulletin here or download via this link.
WRITTEN BY
Rose Marie M. King-Dominguez – SyCipLaw,
rmmking@syciplaw.com
Rose Marie M. King-Dominguez is a senior partner of SyCipLaw and head of the Firm’s Special Projects department. She specializes in M&A, TMT and data, investments, and general business law. She has handled M&A projects and market entry work in a range of industries, including technology, healthcare, pharmaceutical enterprises, retail, real estate, and manufacturing. She helped found the SyCipLaw TMT practice group, developing it into a Tier 1 ranked team that advises key global and local leaders in technology and related emerging issues. She is also a leading privacy and data expert who has supported numerous clients in compliance, assessments, and training.
