A consortium comprising Seawind Asia, Stream Invest, and Triconti ECC Renewables has secured the Philippines’ inaugural grid connection agreements for offshore wind projects.

The deals cover three sites with a total capacity of 1.65GW – 450MW Frontera Bay, 600MW Guimaras Strait, and 600MW Guimaras Strait II.

Grid access clears a major barrier for developers amid strained transmission infrastructure. The agreements further support projects in the government’s fifth Green Energy Auction (GEA5) later this year.

Investment details remain undisclosed, but if any regional peers are to go by, it will be in the billions of US dollars.

The projects align with the country’s push to lift renewables to 35% of power by 2030 and 50% by 2040, cutting reliance on imported coal and gas.

“The issuance of these agreements provides a necessary level of de-risking for the consortium as it prepares its bids for the upcoming auction,” said Sascha Lindemann, managing director of Triconti.

Theo C. Sunico, Triconti’s director for regulatory and markets, added that the move sent a strong signal to investors about government support for capital-intensive offshore wind.