Iberdrola brings wind power expertise to PH
Iberdrola, the world’s second-biggest producer of wind power, has forged a partnership with local project developer Triconti Windkraft Group to develop an offshore wind project in the Philippines.
The planned offshore wind projects are expected to produce as much as 3.5 gigawatts, thus contributing to the Philippines’ transition to renewables and giving Iberdrola the opportunity to enter the Philippine energy industry.
“This partnership with such an experienced global player as Iberdrola is a strong sign of confidence in the Philippine market and potential of its offshore sector,” said Theo Sunico, director of Triconti Windkraft. “It also ensures that the emerging local offshore wind sector will be able to leverage on the expertise of the leading international offshore wind developer right from the beginning.”
Triconti is currently the largest independent wind power developer in the country with a combined portfolio of 4 GW of both onshore and offshore wind projects, while Iberdrola currently operates 34.9 GW of renewables across the United Kingdom, the United States, Germany, France, Poland, Sweden, Norway, Taiwan, Japan, Korea and Brazil.
To date, the Spanish multinational electric utility company has over 81.5 GW of renewable projects under development.
The project in the Philippines will cover five offshore wind areas.
These are Aparri Bay in Cagayan, Frontera Bay in Cavite, San Miguel Bay in Camarines Norte and Camarines Sur, and in the Guimaras Strait between Negros and Panay, where the wind over open water or oceans is harnessed to produce electricity.
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