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As the Philippines finalizes the framework for its first offshore wind auction, foreign investors are already positioning themselves in the market. (Photo: iStock)
The Philippine government is moving to finalize the framework for its first offshore wind auction, as it seeks to keep projects on track and reduce execution risks. On Thursday, the Department of Energy (DOE) released a Supplemental Terms of Reference (TOR) for the fifth round of the Green Energy Auction (GEA-5), covering fixed-bottom offshore wind projects and providing clearer guidance on timelines, documentation, and compliance requirements.
“These refinements strengthen alignment with transmission, regulatory, and infrastructure processes while maintaining the core auction parameters established in the original GEA-5 TOR,” the DOE said. The update builds on the original Notice of Auction and TOR issued in November 2025.
