- Alternergy and Shell Plc develop a 1GW offshore wind farm.
- The partners already have a wind energy service contract (WESC) with the Department of Energy.
Alternergy Holdings Corp. and Shell plc in the Philippines are developing a 1 GW-capable offshore wind farm off the coast of Midnoro island.
A formal agreement has been reached between Shell Overseas Investment BV and Pililla AVPC Corporation (PACO), a subsidiary of Alternergy, to perform feasibility studies and possibly make a final investment decision on the plan. According to the agreement, Shell will own 40% of a joint venture (JV) that will work on the development, with Altenergy holding the controlling 60%, the latter announcing the deal.
The partners already have a winproposal’service contract (WESC) with the Department of Energy, which enables them to assess the proposal’s commercial viability.
The selected area at the Calavite Passage between northwest Mindoro and Lubang Island is estimated to have the potential for housing up tShell’sof offshore wind turbines, according to Shell and Altenergy. Joe Nai, general manager for Shell’s Offshore Power Asia Pacific-Renewables and Energy Solutions, noted that it usually takes six to ten years to build and commission a wind farm of a 1-GW scale.