The Department of Energy (DOE) on Thursday said that a number of foreign investors have signified interest in the country’s offshore wind (OSW) energy sector amid its plan to rationalize the regulatory framework for the industry.
“There have been various expressions of interest. There are various nationalities including Europeans who have expressed their interest because as you know, it's the Europeans that have had extensive experience in offshore wind and so this in particular area,” Energy Secretary Raphael Perpetuo Lotilla said at a virtual press briefing.
“I think last time a Danish group, for example, was here and we expect another foreign company to be coming in and meeting with us in a week or so. I think we just have to wait for that new opportunity,” Lotilla said. The DOE is tweaking policies, framework and guidelines governing the administration of Wind Energy Service Contracts to cover the technical, financial, operational, and administrative risks and challenges of OSW development.
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