The Philippines are preparing to achieve renewable energy goals by taking advantage of the sea wind energy through a auction program for green energy, but the transition will be expensive, as Sharon Garin, the Minister of Energy.

Speaking to a committee at the Neto Carbon Alliance on Thursday, Garin said that the intensification of the country from its rural energy abroad would require a huge construction of the ports facilities, due to the presence of only two operating port via the archipelago. The appropriate port facilities ensure transportation, installation and smooth maintenance of external wind turbines or wind farms.

“We will need more (ports) in the future, so that it costs us.” It is not free. It is not free. “

The fifth round of the GEAP program will be dedicated to the end of the year to the external winds, and it is estimated to add 3.3 GW of the new capacity to the country’s power mix, with energy connection to start between 2028 and 2030.

Geap was Go out In 2022 to make the purchase of renewable energy supplies in the Philippines a competitive process. It is one of the policies set to help the country achieve the goals set under it Renewable energy plan Which aims to achieve the goal of renewable energy by 50 percent by 2040.

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We will need more (ports) in the future, so that it costs us. The transfer is expensive. It is not free.

Sharon Garin, Secretary of the Ministry of Energy

In June, the Ministry of Energy (DOE) was also issued Road map For external wind projects to ensure that the bottlenecks of permits are not disrupted to push the country to achieve more than 178 gigawatts of its potential ability.

Wind capacity is expected to grow in the Philippines abroad from the current 67GW pipeline in the first phase towards the operational capabilities ranging from about 8.5 GB by 2034 and up to 50 GB by the middle of the century. The latest estimates By the International Wind Energy Council at the International Society (GWEC).

Naval winds in the country may be funded by sharing funding risks, as suggested New report By GWEC. It highlighted shedding examples of risk participation, such as adjusting definitions on inflation to protect investors from price fluctuations that could affect revenues, gain more government support to reduce political and organizational risks, as well as obtain well -financing from development banks.

Asia and the Pacific Governments also help Risks for investors In the sea winds. South Korea has approved an invoice aimed at creating a “one store” for external wind projects to simplify the site selection and licensing procedures. Last year, Japan began to issue transitions for climate and set a goal to provide 20 trillion yen ($ 140 billion) of support for green transformation, while Vietnam increased Marine wind ambitions Through it Update the national energy plan.

“Not yet ready for export.”

Despite the country’s marine wind capabilities, it is “very early” to contribute to the regional energy network.

Ports are studied in areas such as Mindoro, Panay and Batangas so that they can be reused to support the wind energy industry abroad. However, until these promotions are completed, it is not possible after the export of excessive renewable energy to neighboring countries through the Asian Energy Network.

Garin noted that the Ministry of Energy has received “many proposals” to export marine wind energy, including from Singapore.

Singapore is part of the first multi -border electricity trade that includes the ASEAN countries established in 2022. Lao PDR-Thailand-Malaysia-Singapore Energy Project (LTMS-PIP) showed that cross-border trade was technically and commercially possible, with about 100 megawatts (MW) of renewable electrical energy imported from Laos to Singapore via Thailand and Malaysia using the current connection.

“There are many geopolitical complications, but there are potentials (to export energy to Singapore). We need legislation and policies (in place),” Garine said.