助力菲律宾海上风电革命融资：构建可持续能源未来的风险分担机制.pptxVIP

FinancingtheOffshoreWindRevolution

Risk-SharingMechanisms

foraSustainableEnergyFutureinthePhilippines

SEPTEMBER2025

GBANDENERGYCUNC

FINANCEPAPER

Acronym

FullForm

ADB

AsianDevelopmentBank

ACEN

ACEnergy

AIIB

AsianInfrastructureInvestmentBank

BDO

BancodeOro

BPI

BankofthePhilippineIslands

CGIF

CreditGuaranteeandInvestmentFacility

CREC

CiticoreRenewableEnergyCorporation

CREZ

CriticalRenewableEnergyZones

DBP

DevelopmentBankofthePhilippines

DFI

DevelopmentFinanceInstitution

DOE

DepartmentofEnergy

DU

DistributionUtility

EC

ElectricCooperatives

ECA

ExportCreditAgency

EPC

Engineering,Procurement,andConstruction

EVOSS

EnergyVirtualOne-StopShop

FIT

Feed-InTariff

GEAP

GreenEnergyAuctionProgram

GEOP

GreenEnergyOptionProgram

GOCC

GovernmentOwnedandOperatedCorporation

IBRD

InternationalBankforReconstructionandDevelopment

IFC

InternationalFinanceCorporation

IRR

InternalRateofReturn

LCOE

LevelizedCostofElectricity

LGU

LocalGovernmentUnit

MGEN

MeralcoPowerGen

MDB

MultilateralDevelopmentBank

Meralco

ManilaElectricCompany

NGCP

NationalGridCorporationofthePhilippines

OFW

OffshoreWind

PPA

PowerPurchaseAgreement

PDEx

PhilippineDealingExchange

PSE

PhilippineStockExchange

PNB

PhilippineNationalBank

RCBC

RizalCommercialBankingCorporation

RCOA

RetailCompetitionandOpenAccess

04FINANCINGTHEOFFSHOREWINDREVOLUTION:RISK-SHARINGMECHANISMSFORASUSTAINABLEENERGYFUTUREINTHEPHILIPPINESGWECFINANCEPAPER

Abbreviations

RE

RenewableEnergy

REPA

RenewableEnergyPurchaseAgreement

RAP

RetailAggregationProgram

SPV

SpecialPurposeVehicle

SBC

SecurityBankCorporation

SEC

SecuritiesandExchangeCommission

WACC

WeightedAverageCostofCapital

WESM

WholesaleElectricitySpotMarket

FINANCINGTHEOFFSHOREWINDREVOLUTION:RISK-SHARINGMECHANISMSFORASUSTAINABLEENERGYFUTUREINTHEPHILIPPINESGWECFINANCEPAPER05

Contents

Foreword

1.Stat