The Filipino-Swiss Triconti Windkraft Group has partnered with Sea Wind Holdings AG based in Liechtenstein to pursue a 1,500-megawatt (MW) offshore wind project in the Philippines.
Sea Wind Holding AG has significant wind project experience in Europe.
Neither provided details as to the extent of the partnership as well as the cost involved.
Triconti Windkraft is a Filipino-Swiss joint venture that develops entirely new or greenfield wind energy projects.
Seawind joined the consortium to fast track two offshore wind projects as the Frontera just outside Manila Bay bordering the provinces of Cavite and Bataan, and in the Guimaras Strait along Negros Occidental coastline.
The projects have a potential capacity of over 1.5 gigawatts seen providing electricity to more than one million Filipino households when completed.
“We are extremely delighted to implement the first-generation offshore wind farms in the Philippines. Through our investments in renewable energy in the Philippines, we are supporting the Philippine government in achieving its goals of reducing dependence on fossil fuels, strengthening local economies and thus contributing to the energy security and energy independence of local regions,” said Fritz Kaiser, Sea Wind Holding chairman.
Lila Rosenberger, Triconti Windkraft chief executive officer, said the partnership leverages Seawind‘s extensive knowledge and experience in offshore wind development in Europe with the company’s strong network in the Philippines.
Rosenberger said the development of offshore wind projects have the potential to create thousands of highly skilled jobs for Filipinos.
Last year, the Department of Energy (DOE) launched the Philippine Offshore Wind roadmap where an estimated 178,000 MW worth of offshore wind capacity was identified.
Thus far, the DOE awarded a total 79 offshore wind contracts with potential capacity of 61,931 MW.
