Background:
USAID Energy Secure Philippines (ESP)
The $34 million USAID-funded Energy Secure Philippines (ESP) Activity aims to assist the Philippine government in pursuing development in the power sector. It has the three-fold objective of improving the performance of electric utilities, increasing the deployment of advanced energy sources and systems, and improving the energy procurement process. Overall, the ESP Activity contributes to the achievement of the Philippines Energy Sector Strategic Directions 2017-2040 and to the goals of the U.S. Government’s Asia Enhancing Development and Growth Through Energy (EDGE) Initiative, particularly in pursuing enhanced energy security through a transparent, market-driven, and resilient energy sector. Asia EDGE aims to expand access to affordable, reliable energy, including highly efficient conventional fuels, nuclear, and renewables, which reduces poverty, fosters inclusive economic growth, and promotes sustained prosperity.
Philippine Department of Energy
The Philippine Department of Energy (DOE) is embarking on a significant initiative to expedite the development of offshore wind (OSW) projects in alignment with Executive Order (EO) No. 21. The EO mandates the establishment of a comprehensive policy and administrative framework for OSW development to enhance renewable energy capacity in the country. The country’s renewable energy (RE) goal is to increase its share of RE in its energy mix from 22% to 35% by 2030 and to 50% by 2040. The Philippines OSW Roadmap reveals the country has a substantial OSW potential estimated at 178 GW. As of September 2023, the DOE has awarded 79 OSW contracts with a Potential Capacity of 61.931 GW. The USAID ESP, in providing technical assistance (TA) to the DOE in this aspect, is seeking individual experts in offshore wind development to provide essential guidance and support for selected local energy developers and financial institutions in their implementation and financing of OSW projects.
Objective:
The primary objective of the OSW consultancy services is to provide a tailored and comprehensive mentoring and business development support to selected OSW developers and financial institutions in the Philippines. This support will encompass various critical areas of OSW, each requiring the expertise of specialized consultants. These areas include enhancing proficiency in technical aspects, business development, financing, technical due diligence, environmental and environment, social and governance (ESG) considerations, regulatory compliance, and policy alignment.
Scope of Work:
1. Technical Proficiency Enhancement
The consultant will work closely with selected OSW developers to augment their technical competencies. This includes in-depth guidance on OSW technology, design optimization, and engineering best practices.
2. Business Development Processes
The consultant will collaborate with selected OSW developers to implement business development activities unique to OSW projects. These activities will include market research, feasibility studies and competitive analysis.
3. Financing Strategies and Due Diligence
The consultant will provide expertise to selected OSW developers on financial modelling, risk assessment, and investment analysis for OSW project financing. Additionally, support selected OSW developers in conducting technical due diligence for project viability.
4. Environmental and ESG Integration
The consultant will assist selected OSW developers in integrating environmental and ESG considerations into project planning and execution. This includes guidance on environment impact assessments and risk mitigation strategies.
5. Regulatory Compliance and Policy Alignment
The consultant will inform and update selected OSW developers on the new OSW policy and regulatory landscape in the Philippines and ensure compliance to local and national regulations and aligned to relevant policies unique to OSW projects.
6. Green Banking and Climate Finance for OSW Projects
The consultant will mentor selected financial institutions in integrating green finance principles with focus on offshore wind projects. This includes risk assessments, OSW project evaluation, financial viability, financing strategies such as innovative mechanisms and collaborations, and environmental compliance.
Key Deliverables:
Mentoring Sessions
Note: Each consultant per area of expertise will provide other relevant documents such as training materials and final assessment reports, to ensure that the mentoring sessions are well-documented, actionable and tailored to the goals of each selected OSW developer.
Qualifications:
Performance Measurement:
Selected OSW Developers:
Selected Financial Institutions:
DEADLINE: 10 October 2023
