• 2026.06.28 (Sun)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Business

Philippines Accelerates Offshore Wind Development with Batangas Port Agreement

Graciela Maria Reporter / Updated : 2025-03-25 13:22:41
  • -
  • +
  • Print

MANILA, Philippines – The Philippine National Oil Company (PNOC) has taken a significant step in boosting the country's offshore wind energy sector by signing a memorandum of understanding (MoU) with the Batangas provincial government. The agreement, signed on March 13, focuses on exploring the development of an offshore wind integration port in Batangas province.

Under the MoU, PNOC will spearhead crucial exploratory activities, including feasibility studies, site identification, and initial consultations with industry experts and government agencies. The Batangas provincial government will provide essential support through technical assistance, regulatory coordination, and stakeholder engagement, facilitating data collection and community discussions.

"This cooperation will send the right signal to investors, as they look for strong alignment between local and national governments. As PNOC continues to strengthen collaboration with LGUs, we recognize their critical role in energy development initiatives," stated Oliver B. Butalid, PNOC President and CEO.

The strategic location of Batangas, proximal to numerous offshore wind energy service contracts, makes it an ideal site for this port development, according to PNOC. This initiative aligns with the Philippines' ambitious goals outlined in the World Bank and Department of Energy (DOE) 2022 Offshore Wind Roadmap, which projects a potential installation of up to 21 GW of offshore wind capacity by 2040 with proper government and policy support.

This development follows the DOE and Philippine Ports Authority (PPA) announcement last year regarding the repurposing of three strategic ports—Currimao in Ilocos Norte, Batangas in Sta. Clara, Batangas City, and Jose Panganiban in Camarines Norte—to support the burgeoning offshore wind industry.

Furthermore, the DOE has revealed that the fifth round of the Green Energy Auction (GEA-5), specifically dedicated to offshore wind projects, is set to commence in the third quarter of 2025, signaling the Philippines' commitment to expanding its renewable energy portfolio. This port development in Batangas is expected to play a vital role in supporting these future offshore wind projects.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Graciela Maria Reporter
Graciela Maria Reporter

Popular articles

  • Murata Unveils Next-Gen Resin Electrode MLCC for Automotive Applications

  • Weight-Loss Drugs Like Wegovy Show Promise in Treating Male Infertility

  • AI Laptops to Cross 50% Market Share Next Year as PC Giants Launch Full-Scale Offensive

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065586888771442 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • South Korea Struggles to 3rd Place in World Cup Group Stage; Commentator Park Moon-sung Blasts Manager Hong Myung-bo’s Lack of Tactics
  • BYD Unveils First Plug-in Hybrid ‘Sealion 6’ in Korea, Targeting Eco-Friendly Market at 37.5 Million Won 
  • Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation
  • Devastating Twin Earthquakes Strike Venezuela: Death Toll Rises Amid Humanitarian Crisis
  • Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante
  • South Korea's Path to Round of 32 Grows Perilous Following Australia-Paraguay Draw

Most Viewed

1
Asking about the Future of ‘Hangeul City Ulsan’… Special Lecture by Novelist Kim Jin-myung to be Held
2
Embassy of Pakistan in Seoul Hosts Commemorative Event for the 150th Birth Anniversary of Muhammad Ali Jinnah
3
KOSPI Hits Historic 9,300 Milestone as Market Cap Surpasses 8,000 Trillion Won
4
Kim Yoon-ji Appointed as New President of KOCCA: “Leading the Global Expansion of K-Culture”
5
'K-Medicine' Sweep Drives Foreign Medical Spending in Korea to Record High of 250 Billion Won
광고문의
임시1
임시3
임시2

Hot Issue

Devastating Twin Earthquakes Strike Venezuela: Death Toll Rises Amid Humanitarian Crisis

Political Debates Spark Over Semiconductor "Windfall" Redistribution

Google Play Hosts 'ChangGoo Alumni Day' to Accelerate Global Expansion for 760 Korean Startups

Government Slashes Petroleum Price Caps by 150 Won per Liter amid Easing Middle East Tensions

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers