January 13, 2022 Read More →

Iberdrola inks deal for potential 3.5GW of Philippines offshore wind


Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW.

This alliance opens the opportunity for Iberdrola to enter a new offshore wind market in Asia which has strong growth potential over the coming decades, the Spanish energy company said.

The Philippines has set a target of 35 per cent share of renewable energy in the power generation mix by 2030 and 50 per cent share by 2040.

[Adnan Durakovic]

More: Iberdrola Makes Offshore Wind Power Play in the Philippines

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