Buhawind Energy Northern Luzon Corp. (BENLC), a subsidiary of PetroGreen Energy Corp., and China’s Mingyang Smart Energy Group Ltd. (Mingyang) have signed an agreement to conduct a feasibility study for BENLC’s planned 2-gigawatt (GW) offshore wind project in Ilocos Norte.
The two companies signed a memorandum of understanding (MOU) for the joint feasibility study on Nov. 6, 2025.
BENLC, the Department of Energy’s (DOE) service contractor for the project, is a member of the Yuchengco Group of Companies, with Japan’s Kyuden International Corp. (KIC) as a significant minority partner.
“We are excited to work with Mingyang, one of the world’s leading innovators in offshore wind turbine technology and development,” BENLC president Francisco Delfin Jr. said.
Delfin said the cooperation would contribute significantly to “de-risking the project further and identifying pathways for viable commercial development,” alongside ongoing site wind measurement surveys and environmental impact studies.
“Both parties accept the long-term nature of offshore wind development and we clearly recognize the enormous technical, commercial, and infrastructure challenges that need to be overcome,” he said.
The cooperation will focus on the suitability of Mingyang’s offshore wind turbine models and associated technologies for the meteorological-ocean conditions in offshore Northern Luzon.
The study will also include a new assessment of annual energy yield and a project cost estimation based on Mingyang’s turbine models and experience in offshore wind power development.
“We extend our appreciation and respect to BENLC, PGEC, and YGC for their pioneering but deliberate approach to the Philippines’ floating offshore wind market,” Mingyang vice president for global business Liu Wenhao said.
Liu said the parties would conduct a comprehensive feasibility study for the floating system and local infrastructure conditions to enable Mingyang to develop and offer a site-specific floating solution, along with tailored engineering and full life-cycle operations and maintenance (O&M) services.
“The central government of the Philippines has demonstrated strong commitment and ambition in advancing large-scale offshore wind projects, including floating technology, and Mingyang is honored to have this opportunity to contribute to this commendable undertaking,” Liu said.
Mingyang is China’s third largest wind turbine manufacturer, with over 61,000 megawatts (MW) of wind turbines installed globally.
