Renewable energy developer Triconti Windkraft Group, a Filipino-Swiss joint venture signed a strategic partnership with Sea Wind Holding AG of Liechtenstein to develop two offshore wind projects with potential capacity of 1,500 megawatts.
Seawind’s entry would fast-track the development of the Fronterara Bay OSW project outside Manila Bay bordering the provinces of Cavite and Bataan and the Guimaras Strait OSW project along the shores of Negros Occidental.
The projects are expected to provide clean and reliable electricity to more than one million Filipino households and supply much-needed power vital for the country’s economic development.
“This partnership leverages Seawind‘s extensive know-how and experience in offshore wind development in Europe with Triconti’s deep local knowledge and strong network in the country. Furthermore, the offshore wind industry has the potential to create thousands of highly skilled jobs for Filipinos and build a new local industry,” Triconti Windkraft chief executive Lila Rosenberger said.
Triconti Windkraft Group is a Filipino-Swiss joint venture that is developing onshore and offshore wind energy projects with a combined portfolio of 4,000 MW in the pipeline. The company worked with the Department of Energy (DOE) and other organizations in building up interest, knowledge and promote opportunities in the Philippine offshore wind sector since early 2020.
Stream Invest Holding AG chief executive Stefan Simon lauded the commitment of the Philippine government to support the growing industry. Stream Invest is Triconti’s joint venture partner.
“The Department of Energy is building the Philippine Offshore Wind Energy segment guided by international best practices. We are very excited for this new industry to take off,” Simon said.
Sea Wind Holding AG chairman Fritz Kaiser highlighted the rewards of OSW energy beyond energy production.
“We are extremely delighted to implement the first-generation offshore wind farms in the Philippines. Through our investments in renewable energy in the Philippines, we are supporting the Philippine government in achieving its goals of reducing dependence on fossil fuels, strengthening local economies and thus contributing to the energy security and energy independence of local regions,” Kaiser said.
Sea Wind Holding AG is part of the Fritz Kaiser Group and invests in the development and realization of wind energy projects, especially in OSW.
The company, headquartered in Vaduz (Liechtenstein) with subsidiaries in Hamburg (Germany) and Gdynia (Poland), aims to develop a clean, people- and environment-friendly energy industry based on modern and high-performance technologies.