PPPs eved for offshore wind farms in ports

The government may consider public-private partnerships (PPPs) in its plan to transform ports into offshore wind projects, as it could take as much as $80 million to redevelop each one of them.

- ELIJAH FELICE ROSALES

Transportation Undersecretary Elmer Sarmiento told reporters that the government is evaluating options on how to proceed with the proposal to integrate offshore wind farms in some ports.

“We are still studying [that plan] because it is costly to do an offshore port. There is an estimate for one project, $80 million. Where do we recover the investments for that?” Sarmiento said.

As such, the Department of Energy (DOE) is assessing the viability of taking a PPP approach in the redevelopment of ports. Sarmiento said the last thing the government wants is for consumers to bear the cost of the project.