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News
December 11, 2024
BP, JERA merge offshore wind businesses to spread investment risk
BP and JERA announced on Dec. 9 that they plan to invest $5.8 billion by the end of 2030 to integrate their respective offshore wind businesses through a joint venture.
November 08, 2024Developers urge 2025 FiT inclusion as Taiwan's floating offshore wind plans face delays
The Ministry of Economic Affairs had initially planned to release a draft for its floating offshore wind farm demonstration program by year's end. However, the timeline may face further delays as discussions over incentive mechanisms continue internally.
October 08, 2024Philippines, Vietnam strive for first offshore wind projects
The Philippines and Vietnam have recently made significant advancements in offshore wind development policies.
October 01, 2024Indonesia increases wind power capacity target to 5 GW by 2030
The Indonesian government has proposed a revised Electricity Supply Business Plan (RUPTL), aiming to increase wind power capacity to 5 GW by 2030. This new target significantly exceeds the original plan but falls short of expectations set by the Just Ener
September 12, 2024CS Wind to build world’s largest wind power factory in Vietnam
South Korean wind power equipment giant CS Wind is expanding its investment in Vietnam, capitalizing on the geographic advantages of Long An Province in the Mekong Delta.
June 26, 2024Philippines overtakes Vietnam, Indonesia in renewable energy investments: Progress at a glance
The Philippines government has clear policies for attracting investment in renewable energy, with a current prospective utility scale of 99 GW in wind and solar projects. However, the Philippines will need to overcome a series of challenges in its future
June 25, 2024Philippines greenlights 16 offshore wind farms, with first GW-scale project by CIP
Philippine approved the construction of 16 offshore wind farms, with an estimated potential capacity of 7,668 MW. The one built in San Miguel Bay with an installed capacity of 1 GW is going to be the first and largest offshore wind farm in the country.
May 03, 2024Philippines sets goals to double solar, quadruple share of wind in power output
Philippines aims to increase solar power share to 5.6% and wind power share to 11.7% in 2030, up from 2.4% and 3.1% respectively in 2024, according to government presentation, potentially leading to one of the cleanest grids in the region.
April 25, 2024Vietnam's wind power industry upbeat despite regulatory delays, report says
According to the 2024 Global Wind Energy Report, Vietnam's wind power industry showed signs of hope in 2023 after a challenging year. It also calls on the government to accelerate the formulation of regulations through inter-ministerial tasks.
April 15, 2024Japan becomes the first international partner in U.S. Floating Offshore Wind Shot initiative
Japan has committed to collaborate with the United States as the first international partner in reducing costs and promoting the development of floating offshore wind projects primarily through the US Wind Shot initiative.