Wind energy in Philippines: 54 MW wind farm in Guimaras

Trans-Asia Oil and Energy Development Corp. of the Phinma group said it disbursed over P116 million Thursday to fund a 54 megawatt (MW) wind energy project in Guimaras province.

In a disclosure to the Philippine Stock Exchange, Trans-Asia said the amount came from the proceeds of its 2012 stock rights offering (SRO), from which gross proceeds reached P1.25 billion.