BlueFloat unveils one of the world's largest floating wind ambitions in the Philippines

BlueFloat Energy unveiled one of the world’s largest floating wind ambitions by a developer in a new market as it entered the Philippines with plans for up to 7.6GW.

Spain-based BlueFloat revealed the huge plans as it acquired Wind Energy Service Contracts (WESCs) – crucial to advancing projects in the Asian nation – covering four sites in Central Luzon, South Luzon, Northern Luzon, and Southern Mindoro.

The Philippines, which BlueFloat CEO Carlos Martin said has “vast clean energy potential”, has long been seen as one of the most promising destinations for floating wind, with the deep waters off its islands making fixed-foundation developments a challenge in the vast majority of cases.

The nation needs to double its generation capacity to meet increasing demand and decarbonise its energy sector, BlueFloat said in a presentation to investors in which it claimed the mantle of market leader in Philippines offshore wind.

Raymund Pascual, country manager of BlueFloat Energy in the Philippines, said: “We see and believe that our plan aligns well to enable… the Philippine Development Plan 2023-2028.”

BlueFloat has rapidly emerged as one of the world’s most ambitious new wave of offshore wind developers, with project interests now ranging from Colombia to Asia-Pacific – including Australia and New Zealand – via northern and southern Europe, but the Philippines projects represent its largest potential capacity in a single market yet.