Two wind power projects will soon operate offshore Negros Occidental and Iloilo provinces, as the Philippine Board of Investments (BOI), through its One-Stop Action Center for Strategic Investments (OSACSI), granted green lane certificates to the partnership of the Triconti Windkraft and Sea Wind Holdings AG.
The Guimaras Strait Wind Power Project, under Triconti Southwind Corporation, and the Guimaras Strait II Wind Power Project of Jet Stream Windkraft Corporation were among the first awarded Offshore Wind Energy Service Contracts by the Department of Energy, the BOI said Feb. 13.
“With a combined initial investment cost of P221.6 billion, the two projects will operate offshore Negros Occidental and Iloilo province, and have a total target capacity of 1.2 gigawatts (GW),” the BOI said, adding that these projects are being undertaken in partnership with Sea Wind Holdings AG (Seawind), which is based in Liechtenstein.
0The Triconti-Seawind partnership is currently developing over 1.65GW of offshore wind capacity in Luzon and the Visayas.
These projects are expected to boost economic activities in Negros and Iloilo because of the possible development of eco-tourism, aside from about 3,600 direct and indirect jobs.
The BOI said in a statement that the Philippines has “an exceptionally high potential for wind energy generation,” because of its topography. “There are already a number of onshore wind projects in the country but the Triconti Windkraft Group was among the first to be awarded contracts to develop such projects.
The company has been helpful to the BOI in identifying industry gaps as well as determining strategies for the promotion and development of the offshore wind industry in the country. ||
