The Philippines could by 2040 get one fifth of its electricity from a floating-dominated offshore wind fleet that would underpin the Southeast Asian nation’s energy independence, says a new roadmap for the sector compiled with the help of the World Bank Group.

The “regionally important” wind resources around the Philippines’ 7,000 islands would see 21GW installed by the end of the next decade under the high scenario of the roadmap, released by the nation’s Department of Energy (DoE).

That fleet would provide 21% of the country’s power needs and create more than 200,000 jobs and $14bn of gross value to the Philippines economy.