Energy & Petrochemicals #offshore wind#energy auction
Philippine Department of Energy Suspends 3.3GW Offshore Wind Auction for Recalibration
The Philippine Department of Energy has suspended all activities under the fifth Green Energy Auction round, which was to award incentives for up to 3.3GW of fixed-bottom offshore wind capacity. The suspension allows for recalibration amid port readiness, permitting, environmental costs, and potential supply chain disruptions from the Middle East conflict. Nine companies had passed the initial qualification review out of over 20 bidders.
Jul 9, 2026 1 source