First Fixed-Bottom Offshore Wind Project Auctions In The Philippines Secured - CleanTechnica

The Philippines is making significant strides in developing its offshore wind (OSW) industry, marked by the upcoming Green Energy Auction Program Round 5 (GEA-5), which is the country’s first competitive auction exclusively for offshore wind. Scheduled for release by the end of 2025, GEA-5 targets 3.3 gigawatts of fixed-bottom offshore wind capacity to be delivered between 2028 and 2030. This auction signals a transition from exploratory phases, where developers held service contracts to study wind areas, to a market-ready phase emphasizing long-term offtake agreements and commercial viability. The focus on fixed-bottom technology reflects its status as the most proven and financeable offshore wind platform, aiming to accelerate construction and provide dependable renewable energy to support the Philippines’ energy security and climate goals. Energy officials, including Department of Energy (DoE) Secretary Sharon Garin, acknowledge the ambitious timeline to deliver power by 2028 but emphasize that GEA-5 is designed to