Arlington, VA – Today, the U.S. Trade and Development Agency awarded a grant to the Philippines’ Aboitiz Renewables, Inc. (Aboitiz Renewables), a subsidiary of Aboitiz Power Corporation (AboitizPower), for a feasibility study to develop up to three gigawatts (3GW) of offshore wind projects in the Philippines. U.S. Secretary of State Antony J. Blinken witnessed the grant signing between USTDA Director Enoh T. Ebong and Aboitiz Renewables Vice President, Commercial Strategy, Sales and Engagement, David Aboitiz.
“USTDA is committed to delivering game-changing projects to close the infrastructure gap and support the clean energy transition in the Philippines,” said Director Ebong. “Our assistance will be critical toward defining the wind projects’ technical and design options, as well as structuring deals for international financial institutions. Our goal is to work with U.S. industry to facilitate the delivery of clean energy to millions of Filipinos.”
USTDA’s study will help Aboitiz identify potential project sites and provide technical and economic analysis to deploy up to 3GW of offshore wind turbine generation projects that could power more than two million homes in the Philippines and meet growing energy demand.
“The United States stands committed to working with the Philippines to achieve a clean energy future together,” said Secretary Blinken. “The signing of the USTDA grant on offshore wind is an important step in that direction.”
AboitizPower President and Chief Executive Officer, Emmanuel V. Rubio, added: “It is our goal to contribute to our country’s energy transition journey by exploring more zero-emissions indigenous energy sources. This offshore wind feasibility study is a step in the right direction as we further diversify our extensive renewable energy portfolio to achieve our goal.”
This project advances the goals of USTDA’s Global Partnership for Climate-Smart Infrastructure, which connects U.S. industry to major clean energy and transportation infrastructure projects in emerging markets.
The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.
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