With the Philippines’ offshore wind sector experiencing significant momentum, driven by initiatives such as the World Bank’s Offshore Wind Roadmap and the subsequent applications for and awards of Offshore Wind Energy Service Contracts, this report aims to empower decision-making among stakeholders seeking entry into the market. By providing updates on recent policy developments, active research efforts, and technical assistance initiatives, the report seeks to offer insights for new market entrants and wider industry players alike.

The report covers:

• An overview of the offshore wind market in the Philippines
• Key developments, challenges and opportunities for growth, focusing on policy, site development, grid integration, incentives, supply chain and innovation
• The future outlook for offshore wind in the Philippines
• Key actors including funders and industry associations

This report is developed as part of the Philippines Offshore Renewables Accelerator (PHORA). PHORA is a public-private collaboration initiative, established in 2022, and formerly known as the Philippine Offshore Wind Joint Industry Program (POWJIP), aiming to accelerate offshore wind development in the Philippines by conducting impactful research that can help resolve market barriers.