The Philippine government is seeking private-sector participation to build the country's first three offshore wind terminals, a project estimated to cost up to P18 billion, Philstar Biz reported.
The terminals are seen as critical to supporting the country's offshore wind energy targets, which aim to add thousands of megawatts of renewable capacity in the coming years. The government has identified potential sites for the terminals, but lacks the budget to fund construction entirely from public coffers.
Under the proposed scheme, private firms would finance, build, and operate the terminals under a public-private partnership model. The move aligns with the broader push to attract investment in the Philippines' renewable energy sector, which has seen growing interest from both local and foreign developers.