Germany-based wpd GmbH is planning to invest an additional PHP56 billion in wind energy projects in the Philippines. The company is undertaking the pre-development activities for five onshore projects in Ilocos Region, Aklan, Iloilo, Antique and Bulacan which is expected to cost around PHP56 billion and will generate a combined renewable energy (RE) capacity of 565MW. The activities are expected to be completed between 2027 and 2030.
Currently, the company is developing offshore wind farms in Cavite, Negros Occidental and Guimaras, at an investment of PHP392.4 billion.