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 COE for FiT eligibility was issued by the DOE after validation of the project’s successful commissioning,” the disclosure read.
Last November 5, the 150-MW wind farm – the largest in the Philippines and in Southeast Asia — was successfully commissioned, and started providing electricity to the national grid.
Under the FiT system in line with the Renewable Energy Act of 2008, the Energy Regulatory Commission will give guaranteed payments on a fixed rate per kilowatt-hour – called FIT rates – for power producers harnessing renewable energy.
The wind project has 50 large-scale Vestas V90-3.0MW wind turbines and an ancillary plant to be supplied and constructed by global wind turbine maker Vestas.