Philippine Market Movers: An analysis of three high potential areas to accelerate the offshore wind market in the Philippines

This report by RMI analyzes three high-potential offshore wind development zones in the Philippines—Manila Bay, Tayabas Bay, and Guimaras—to accelerate the country's transition to renewable energy and address a looming energy crisis caused by the depletion of the Malampaya natural gas field.

• The Philippines possesses a total technical offshore wind potential of 178 gigawatts (GW), with 90 percent of this potential located in deep waters, necessitating a long-term focus on floating foundation turbines.
• The Department of Energy (DOE) has awarded 92 offshore Wind Energy Service Contracts (WESC) as of April 2024, representing a total potential capacity of nearly 65 gigawatts.
• The report identifies three specific development zones—Manila Bay, Tayabas Bay, and Guimaras—as high-potential areas for the first offshore wind projects (operational by 2035) because they support fixed-bottom installations, have wind speeds exceeding 7 meters per second, and are near major load centers in western Visayas and southern Luzon.
• The urgency for large-scale renewable energy is driven by the expected depletion of the Malampaya natural gas field by the end of the decade, which currently provides approximately 20 percent of the country's electricity.
• The Philippine government has established a target to source 35 percent of its energy from renewable sources by 2030.

APA

RMI (2024). Philippine Market Movers: An analysis of three high potential areas to accelerate the offshore wind market in the Philippines. https://rmi.org/resources/analysis-to-accelerate-offshore-wind-market-in-the-philippines/

Chicago

RMI. Philippine Market Movers: An analysis of three high potential areas to accelerate the offshore wind market in the Philippines. 2024. https://rmi.org/resources/analysis-to-accelerate-offshore-wind-market-in-the-philippines/.

Wikipedia

{{cite report |author=RMI |title=Philippine Market Movers: An analysis of three high potential areas to accelerate the offshore wind market in the Philippines |date=17 April 2024 |url=https://rmi.org/resources/analysis-to-accelerate-offshore-wind-market-in-the-philippines/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2024philippine, author = {{RMI}}, title = {{Philippine Market Movers: An analysis of three high potential areas to accelerate the offshore wind market in the Philippines}}, institution = {RMI}, year = {2024}, month = apr, url = {https://rmi.org/resources/analysis-to-accelerate-offshore-wind-market-in-the-philippines/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }