Philippines offshore wind auction pause an 'additional step' toward bankable projects, say wind trade associations

The temporary suspension of the country’s first offshore wind green auction is seen as an extra move to shape a more investable market, say the Global Wind Energy Council and Wind Energy Developer... The Philippines Department of Energy’s (DOE) suspension of activities leading up to the country’s green energy auction for offshore wind, is not a setback but an “additional step toward a more investable and deliverable market”, according to wind trade associations.