OMNI Features｜Philippines' Steel and Shipbuilding Scale-Up Poised to Anchor APAC Offshore Wind Growth: GWEC Report．Areva Agrees to a €4.8 Million Fine for Corruption in Mongolia

｜Philippines' Steel and Shipbuilding Scale-Up Poised to Anchor APAC Offshore Wind Growth: GWEC Report
The Global Wind Energy Council (GWEC) has launched its first country-specific offshore wind supply chain analysis, focusing on the Philippines' strengths in shipbuilding, skilled labor, and critical minerals like transmission cables and steel. This presents significant opportunities for the Philippines to develop its offshore wind capacity, with projections from the Department of Energy anticipating up to 50 GW by 2050. However, realizing this potential requires refining policies and scaling up the local supply chain.

The GWEC report recommends strategic actions to establish a competitive offshore wind market in the Philippines, including policy reforms and regional collaboration. As part of the broader energy transition in the Asia-Pacific region, the country is well-positioned to address supply chain gaps and leverage its renewable energy potential. By aligning investments and creating a robust supply chain, the Philippines can become a key player in the global offshore wind market.

｜Areva Agrees to a €4.8 Million Fine for Corruption in Mongolia
The former French nuclear leader Areva has agreed to a €4.8 million settlement to resolve bribery charges related to its mining activities in Mongolia from 2013 to 2017. The agreement, formalized through a Judicial Public Interest Agreement (CJIP) with the National Financial Prosecutor’s Office, allows Areva to avoid prosecution while addressing past misconduct. Orano Mining, which acquired Areva’s mining operations in 2018, will implement a €1.5 million compliance program under French Anti-Corruption Agency oversight.

Investigations revealed €1.275 million in questionable payments through an intermediary, Eurotradia International, partially financing real estate projects tied to high-ranking Mongolian officials. While the projects failed economically, mitigating factors, including compliance measures and the lack of repeated offenses, influenced the penalty calculation.

Reference:GWEC｜Energy News