The Blue Circle and CleanTech Global Renewable, Inc. have signed the largest offshore wind energy service contract of the Philippines
The Blue Circle and its partner CleanTech Global Renewables, Inc. have signed their first wind energy service contract for an offshore wind project in the Philippines with the 1.2 GW project in Bulalacao, Oriental Mindoro.
Despite the current pandemic situation which has affected the approval of wind power projects in the Philippines, The Blue Circle and CleanTech have succeeded in securing the exclusivity for the Bulalacao site development through a service contract in a competitive context. The planned one-hundred turbines with a unit capacity of 12 MW for a total of 1200 MW will constitute the largest offshore wind project of the country. This is in concordance with the roadmap being prepared by the Philippines Department of Energy under the assistance of the World Bank Group, which has estimated that the potential of offshore wind power in the Philippines is over 170 GW and has selected Oriental Mindoro as the best offshore wind site of the country.
According to the government's Clean Energy Scenario (CES) outlined in the Philippines Energy Plan 2020-2040, the archipelago needs to add at least 92 GW of renewable energy to its energy mix by 2040 to reach the 50% mark for renewable energy share. Some 11.8 GW are expected to be sourced from various types of wind projects. In order to meet the CES goals, UK’s BVG Associates (BVGA) estimated that the Philippines will need to be operating four large offshore projects by 2040. Under the high-growth scenario, the Philippine potential for offshore wind is 20 GW by 2040 and 40 GW by 2050.
“After spending many years developing onshore wind projects in the Philippines, I am very excited by the promising Bulalacao offshore potential. This site is ideally situated outside of major environmental constraints, away from the direct typhoon hit zone and with high winds in shallow to medium depth waters. The Blue Circle has a strong team of wind energy professionals with experience in developing and operating wind power projects across the ASEAN region. We are committed to developing this site and take part in the Philippines’ government efforts to meet its carbon emissions reduction target and prepare the country for more sustainable and greener future expansion. We are looking forward to working closely with our partner Cleantech Global Renewables, Inc. to harness the country’s best wind resources, to power economic growth by creating green jobs while preserving the environment.“, said Olivier Duguet, Chief Executive Officer at The Blue Circle.
“Cleantech Global Renewables, Inc. has strongly pushed for the adoption of new technologies and best practices to grow our renewables assets with the continuous support to pursue innovation from partners like The Blue Circle. The Bulalacao offshore project will incur a limited environmental footprint in a very favorable landscape for wind power potential. The project, whose landbank reaches approximately 40,095 hectares, will be of a significant size for both floating and bottom fixed wind turbines. I am enthusiastic and eager to build this major stepping stone towards our country’s sustainable development and energy independence.”, added Aboy Castro, Chief Executive Officer at Cleantech Global Renewables, Inc.
About The Blue Circle
Founded in 2013, The Blue Circle identifies, develops, finances, owns and operates renewable energy projects in complex and challenging geographies in the Asia-Pacific region. The Blue Circle uses the most advanced technology to build responsible and sustainable projects. With offices in Singapore, Ho Chi Minh City, Bangkok, Manila and Phnom Penh, The Blue Circle is the leading renewable energy company of Southeast Asia. Its team is committed to changing the world one green electron at a time.
About CleanTech Global Renewables
Cleantech is an independent power producer and renewable electricity developer in the Philippines. CleanTech supports the country’s drive for energy security by developing, acquiring, constructing, owning, and operating clean and renewable energy projects.
For further information, please contact:
The Blue Circle
Amaury Brucker
Tel: +855 11 842 973
amaury.brucker@thebluecircle.sg
CleanTech Global Renewables Inc.
Edwin R. Almario
Tel: +63 977 853 4455