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Philippines2024-12en

Annual Technology Baseline (ATB) and Cost Outlook for Offshore Wind in the Philippines

Summary

This document presents an annual technology baseline and cost outlook for offshore wind in the Philippines. It leverages the NREL ATB framework to provide consistent cost and performance parameters, adapting global assumptions to specific Philippine resource characteristics and identifying potential development zones. The analysis is in progress, providing preliminary capacity factors and Levelized Cost of Energy (LCOE) to inform future planning for renewable energy expansion in the region.

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