Alternergy Holdings Corporation, through its wholly-owned subsidiary Pililla AVPC Corporation, (“PACO is hereafter referred to as Alternergy”) and Shell Overseas Investment B.V. (“Shell”) formally announced the agreements that both parties have recently entered into a partnership to jointly explore the vast offshore wind potential in the Philippines.
The partnership of Alternergy and Shell has obtained a Wind Energy Service Contract (WESC) from the Department of Energy (DoE) to assess the feasibility of an offshore wind project in the wind-swept Calavite Passage near Mindoro.
Alternergy chairman and former Energy Secretary Vince Pérez said: “This is a partnership of combined competencies and experiences towards the goal of boosting the Philippines’ renewable energy target.”
“The Philippines’ offshore wind industry is promising and still at its nascent stage. The World Bank estimates that robust development of offshore wind could add 20 GW of installed capacity by 2040, accounting for 14 percent of the Philippines electricity needs and some USD 14 billion of value added to the economy. Shell, as our strategic partner with 50 years of deep water offshore and over 20 years of offshore wind development experience, will bring in its global track record, supply chain access, and technical expertise in developing large-scale bottom-fixed and floating offshore wind projects. Alternergy looks forward to working with Shell and jointly shape with stakeholders the policies for a sustainable offshore wind industry in the Philippines,” Mr. Pérez added.
“The Philippines is moving towards a low-carbon future and offshore wind is well positioned to support this energy transition. As Shell has powered progress for the Philippines for over 100 years, we will continue to support the country by providing more and cleaner energy solutions to meet the needs of our consumers today and in the decades to come,” said Lorelie Q. Osial, Country Chair of the Shell companies in the Philippines
“Alternergy is a pioneer in renewable energy and has successfully brought onstream the Philippines’ first onshore wind farm even before there was any enabling law. Shell looks forward to this new partnership to jointly explore the feasibility of one of the Philippines’ promising offshore wind projects,” said Sarah Rose Lim, Shell’s Head of Offshore Power for Philippines.
Aside from the Calavite Passage Wind Power Project, Alternergy and Shell are looking at other offshore wind sites for possible development.
This partnership is an opportunity to provide integrated value to customers through power generation as well as exploring synergies with retail electricity supplier Shell Energy Philippines, Inc. and Green Energy Supply Solutions, Inc.
