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 project involves an unrated facility to be put up in Burgos, Ilocos Sur where the company is also building an 150-megawatt (MW) wind farm.
The company’s new wind energy contracts are for the development of wind farms in Batad and San Dionisio in Iloilo and Capiz, respectively; Concepcion in Iloilo; Matnog and Magdalena in Sorsogon; and Manapla and Cadiz in Negros Occidental.
EDC is the world’s largest integrated geothermal producer and one of the leading renewable energy companies in the Philippines with a portfolio of 1,150 MW of geothermal, and 132 MW of hydroelectric power generation.