Two policy moves this week signaled renewed offshore wind momentum in Southeast Asia, with the Philippines launching its first offshore wind-only auction and Vietnam issuing a draft capital framework. (Photo: iStock)
Offshore wind may be facing headwinds globally, but two major policy moves in Southeast Asia signal renewed momentum. The Philippines launched its first offshore wind-only auction on Tuesday, while Vietnam introduced a draft framework on Monday setting clearer capital requirements for developers.
Philippines moves to attract global investment in offshore wind
The Philippines’ Department of Energy (DOE) has opened the country’s first offshore wind-only auction under the Fifth Green Energy Auction (GEA-5), offering 3.3 GW for delivery between 2028 and 2030.
Released alongside the launch was the final Terms of Reference (TOR), which aligns developer obligations with government preparations on ports, transmission, and permitting. According to the DOE, GEA-5 is the country’s first auction to formally coordinate port and grid readiness with developer milestones.
