Several major players, including Copenhagen Energy, BlueFloat Energy, and Corio Generation, have expressed their interest in entering the offshore wind sector in the Philippines.
Copenhagen Energy and PGEC are developing three floating offshore wind farms in the Philippines, namely the 2 GW Northern Luzon, the 1 GW Northern Mindoro, and the 1 GW East Panay.
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Corio Generation aims to develop up to five offshore wind projects totalling 3 GW off the coast of Cavite, Batangas-Mindoro, Iloilo, and Guimaras under wind energy service contracts (WESCs) that provide site exclusivity.
In June 2023, BlueFloat Energy announced that the company secured WESCs for four (floating) offshore wind project sites in the country.
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