This finance paper lays out a landmark risk analysis for offshore development in the Philippines, focusing on how policy, contract design, and tariff structures can unlock long-term investment. Drawing from global experience and position from the formed PH OFW technical working group, the report outlines mechanisms to balance risks between developers and the state—such as indexation, lender step-in rights, and streamlined permitting coordination.

Effective risk-sharing for Philippine offshore wind sector depends on a coordinated approach among all stakeholders: government, developers, ECAs, DFIs, and MDBs, commercial banks, insurers, impact investors and philanthropies. Together, this ecosystem distributes risks more equitably, making OFW projects more bankable and accelerating the country’s transition to clean energy.