THE Philippines can expect roughly $157.5 billion worth of investments in offshore wind (OSW) projects should current proposals materialize, the Department of Energy (DoE) said on Thursday.
The department to date has awarded 42 OSW service contracts with an aggregated installed capacity of 31.5 gigawatts (GW), officials said in a briefing. Northern Luzon, the Verde Island Passage, Northern Mindoro and Southern Mindoro were identified as the areas with prime potential.
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