The Department of Energy (DOE) endorsed the 150-megawatt (MW) Burgos wind farm of Energy Development Corp. to receive incentives under the feed-in tariff (FiT) system. In a disclosure to the Philippine Stock Exchange Wednesday, EDC said affiliate EDC Burgos Wind Power Corporation (EBWPC) received the DOE certificate of endorsement (COE) for FiT eligibility. “The … Continue reading DOE qualifies EDC wind power project under feed-in tariff scheme in Philippines
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Wind energy in Philippines: Ilocos wind farm now delivering power to grid
The 150-megawatt (MW) wind power project of Energy Development Corp. (EDC) has started delivering power to the grid following its successful commissioning last Wednesday. In a statement on Friday, the Lopez-led company announced that EDC Burgos Wind Corp. informed the Department of Energy (DoE) that its 150-MW wind farm had achieved successful commissioning. “[S]uccessful … Continue reading Wind energy in Philippines: Ilocos wind farm now delivering power to grid
Continue readingWind energy in Philippines: 3 wind farms near completion
Some 250 megawatts of power from wind farms are expected to boost the country’s energy supply starting this year until early 2015 that could help ease the country’s electricity shortage, Energy Secretary Carlos Jericho Petilla said Tuesday. Petilla made the forecast after a recent visit in Ilocos Norte province to check on three wind … Continue reading Wind energy in Philippines: 3 wind farms near completion
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
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Philippines eyes raising megawatts for wind energy projects
The National Renewable Energy Board say raising installation targets for wind energy projects to 500 megawatts will help ease the summer power crisis in 2015. Not many are interested in the idea, however, according to NREB member and Energy Development Corporation (EDC) executive vice president Ernesto Pantangco. “As NREB, we are proposing an increase … Continue reading Philippines eyes raising megawatts for wind energy projects
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
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Negros wind farm to be completed in 2015 in Philippines
A 50 MW wind power project in Negros Occidental is expected to be completed late next year, data from the Energy department showed. In its updated report on private-sector initiated projects, the department noted that the wind farm of First Maxpower International Corp. is scheduled for testing and commissioning in November 2015. The project — … Continue reading Negros wind farm to be completed in 2015 in Philippines
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WWF supports Philippines solar power target
The World Wide Fund for Nature (WWF-Philippines) has backed the Department of Energy’s (DOE) move to increase solar energy capacity targets, saying this will make power prices cheaper in the long run, contrary to claims of critics such as the Foundation for Economic Freedom (FEF). The FEF claims new solar projects will add P0.32 per … Continue reading WWF supports Philippines solar power target
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Solar energy and wind power project signed in Subic, Philippines
A $200-million renewable energy facility that will produce electricity from both solar energy and wind power will soon be established here as the Subic Bay Metropolitan Authority (SBMA) signed an agreement with Jobin-SQM, Inc., an all-Filipino corporation. SBMA Chairman Roberto Garcia and Jobin-SQM, Inc. President Nancy Tan signed an agreement reserving an 800-hectare property on … Continue reading Solar energy and wind power project signed in Subic, 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
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Gamesa consolidates its presence in the wind energy in Philippines
Gamesa, a global technology leader in wind energy, has reinforced its presence in the Philippines thanks to a new turnkey contract for the construction, supply and installation of a 54 MW wind farm for Alternergy. This marks the third contract closed by Gamesa in this market, having signed orders totalling 144 MW in recent months. … Continue reading Gamesa consolidates its presence in the wind energy in Philippines
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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Vestas receives 63 MW wind power order in the Philippines
Vestas has received a firm and unconditional order for 63 MW in Philippines. Energy Development Corporation (EDC) has ordered 21 V90 3.0MW turbines for the second phase of its project in Burgos, Ilocos Norte province. The deal also includes delivery, installation and commissioning plus a ten-year service contract. The Danish supplier said the wind turbines … Continue reading Vestas receives 63 MW wind power order in the Philippines
Continue readingBangui Bay wind farm in Ilocos Norte, Philippines
NorthWind Power Development Corp., a company controlled by Ayala Corp., will start the third phase of the Bangui Bay wind farm in Ilocos Norte province to add 18 megawatts to the existing 33-MW project. Energy Department records showed the expansion project would raise the total capacity of Bangui wind farm to 51 MW, solidifying its … Continue reading Bangui Bay wind farm in Ilocos Norte, Philippines
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One million electric vehicles on Philippine roads by 2020
Is this being too optimistic for a developing country that has learned to make do with the cheap and the old? Electric vehicle manufacturers, both local and foreign, beg to differ. In the 3rd Philippine Electric Vehicle Summit held in Pasig City on Thursday, February 27, more than 500 participants from all over the world … Continue reading One million electric vehicles on Philippine roads by 2020
Continue readingWind power in Philippines: Cebu to generate wind energy
A renewable company will put up wind turbines that can produce about 200 megawatts for Cebu Province. Amihan Energy Corp. (AEC) plan to construct the wind farm in Balamban, Toledo City and Sudlon II, Cebu City within two to three months. The company would a total land area of 20,000 hectares. Officials of AEC, the … Continue reading Wind power in Philippines: Cebu to generate wind energy
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Wind power in Philippines: Trans-Asia unit inks P4.3-B financing facility for wind farm
Trans-Asia Oil and Energy Development Corp.’s subsidiary inked a P4.3 billion project financing facility with the Development Bank of the Philippines and Security Bank Corp. In a disclosure to the stock exchange, Trans-Asia Oil said its unit Trans-Asia Renewable Energy Corp. signed the 15-year project financing facility with the two banks on Wednesday. Trans-Asia, a … Continue reading Wind power in Philippines: Trans-Asia unit inks P4.3-B financing facility for wind farm
Continue readingEDC in talks with Vestas to make Burgos wind farm
Energy Development Corp (EDC) plans to reinforce its Burgos wind farm in Ilocos Norte so it can withstand strong typhoons. In a recent forum, EDC executive vice president Ernesto B. Pantangco said the company is keen on strengthening the 87-megawatt Burgos wind farm given the “new norm” when it comes to typhoons. “We are currently … Continue reading EDC in talks with Vestas to make Burgos wind farm
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