Energy Development Corp., a renewable power producer led by the Lopez Group, plans to build six more power projects that will add 1,500 megawatts. EDC received an approval from the Energy Department to conduct studies on six potential wind power projects in Luzon and the Visayas to determine their impact on the power grid. Latest … Continue reading Wind energy in Philippines: six potential wind power projects in Luzon
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EDC to expand Burgos solar power plant in Philippines
As of end-December, EDC had a total power portfolio of 1,441 MW — of which 1,159 MW are geothermal energy facilities. The rest covers solar energy, wind powerand hydro projects. The Energy Development Corp. (EDC) plans to expand its 4.1 megawatts solar power facility in Burgos, Ilocos Norte with a “perfect formula.” ENERGY DEVELOPMENT Corp. … Continue reading EDC to expand Burgos solar power plant in Philippines
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Wind energy in Philippines: EDC gets FIT for Burgos wind farm
Geothermal firm Energy Development Corp. (EDC) has received the certificate of compliance for its Burgos wind power project in Ilocos, the company said in a disclosure to the Philippine Stock Exchange yesterday. With the certification, EDC’s 150-megawatt wind farm is now entitled to the feed-in-tariff (FIT) rate of P8.53 per kilowatt-hour from Nov. 11, … Continue reading Wind energy in Philippines: EDC gets FIT for Burgos wind farm
Continue readingEDC gets $315-M loan for Philippines wind power project
Energy Development Corp. (EDC), which has several government contracts for renewable energy (RE) development, signed a $315-million financing agreement with a group of foreign and local banks for the construction of the 150-megawatt (MW) Burgos wind energy project (BWP) in Ilocos Norte. The finance facility, denominated in US dollars and Philippine pesos, will mature in … Continue reading EDC gets $315-M loan for Philippines wind power project
Continue readingEDC bags new contracts for solar power, wind energy projects in Philippines
Energy Development Corp (EDC) has secured seven new contracts from the government for the development of solar power and wind energy projects. In a disclosure to the Philippine Stock Exchange, Lopez-owned EDC said it received one solar energy service contract and six wind energy service contracts from the Department of Energy (DOE). EDC’s solar energy … Continue reading EDC bags new contracts for solar power, wind energy projects in Philippines
Continue readingEDC set to start operation of Burgos wind power in Philippines
Renewable energy producer Energy Development Corp. expects to start the testing and commissioning of the 150-megawatt Burgos wind power project in Ilocos Norte within the year, a company official said over the weekend. EDC is considering expanding its recently-commissioned 49.4-megawatt (MW) geothermal power plant in Negros Oriental. “For the Burgos wind power, it’s more … Continue reading EDC set to start operation of Burgos wind power in Philippines
Continue readingEDC raises $90m for Philippines wind farm
EDC chief finance officer Nestor Vasay said the amount was part of the second tranche of the $150-million total bridge financing for the second phase of the Burgos wind power project. “The $90 million is the US dollar component of the bridge loan. Both Australia and New Zealand Banking Group Ltd. and Mizuho Bank Ltd. … Continue reading EDC raises $90m for Philippines wind farm
Continue readingEDC has secured financing of its wind power project in Burgos, Ilocos Norte, Philippines
“EDC signed separate two-year bridge facilities totaling P2.7 billion with Philippine National Bank and Security Bank Corp. to partly finance the construction of Phase 2 of the 150-megawatt [MW] Burgos Wind Farm while the company is arranging the project financing,” EDC Investor Relations Manager Erudito Recio said. The company plans to raise $315 million for … Continue reading EDC has secured financing of its wind power project in Burgos, Ilocos Norte, Philippines
Continue readingEDC readies financing for Ilocos wind farm in Philippines
ENERGY Development Corp. (EDC) targets to close debt financing for its planned 150-megawatt (MW) wind power project in Ilocos Norte this year, officials of the Lopez-led company said last week. “We’ve already started working on project financing for the Burgos wind project. The total project cost is $450 million for the 150-MW project,” said Nestor … Continue reading EDC readies financing for Ilocos wind farm in Philippines
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