Alternergy and Shell form Philippines offshore wind partnership

4C Offshore | Tom Russell
By: 24/11/2022 Alternergy
Renewable energy firm Alternergy Holdings Corp. and offshore energy giant Shell announced earlier this week they have formed a partnership to develop an offshore wind project in the Philippines.

The partnership is initially looking into developing an offshore wind project in Calavite Passage, which they claim has the potential capacity for 5 GW. The partnership is planning to develop 1 GW offshore wind power within the site, situated near Mindoro.

Under the current partnership agreement, 60-percent equity in the Mindoro offshore wind venture is placed under Alternegy’s charge and Shell for the balance of 40 percent.

Alternergy stated the partnership has obtained a wind energy service contract (WESC) from the Department of Energy to assess the feasibility of an offshore wind project in the Calavite passage. The partnership aims to undertake feasibility study that will eventually merit final investment decision (FID) on the project.

For more information on offshore wind farms worldwide, click here.