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 readingWind energy in Philippines: ERC clears EDC wind farm for FIT incentives
The Energy Regulatory Commission (ERC) gave the 150-megawatt (MW) wind farm of Energy Development Corp. (EDC) the benefit of receiving incentives under the feed-in tariff (FIT) system. The regulator approved the application of the 150-MW Burgos Wind Project for a Certificate of Compliance (COC) on February 9, 2015, EDC said in a disclosure to the … Continue reading Wind energy in Philippines: ERC clears EDC wind farm for FIT incentives
Continue readingLocals to get livelihood from Burgos wind power in Philippines
Residents in Burgos town where Southeast Asia’s biggest wind farm sits stand to get P1 million-worth of livelihood from the wind power project developer Energy Development Corporation (EDC). At least 124 recipients from Burgos’ three host villages namely, Saoit, Poblacion and Nagsurot will benefit from the 150 MW wind facility as part of EDC’s corporate … Continue reading Locals to get livelihood from Burgos wind power in Philippines
Continue readingEDC cited for Burgos wind power project
Energy Development Corp.’s 150-megawatt Burgos wind power project in Ilocos Norte was named the Asia-Pacific Renewables Deal of the Year by Project Finance International. The Burgos wind energy project is largest wind farm in the Philippines. It used 50 units of the Vestas V90-3.0MW wind turbines and ancillary plant constructed by Vestas, the world’s leading … Continue reading EDC cited for Burgos wind power project
Continue readingDOE qualifies EDC wind power project under feed-in tariff scheme in Philippines
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
Continue readingWind 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
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 plans to expand wind farm in Ilocos
Energy Development Corp. (EDC), the Lopez-led geothermal arm, has plans to expand its 87-megawatt Burgos Wind Farm in Ilocos, a ranking official said. “We’re very excited about the wind because there’s a chance for us to actually expand Burgos,” said EDC president Richard Tantoco. He said there is room to expand Burgos to 150 MW … Continue reading EDC plans to expand wind farm in Ilocos
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Wind energy in Philippines: EDC gets $80-m wind farm loan
Energy Development Corp., the country’s biggest producer of geothermal energy, said it signed an $80-million new term loan facility due in June 2018. “The new facility shall be used for capital expenditure needs and general corporate purposes of the company,” EDC said in a disclosure to the Philippine Stock Exchange. EDC tapped Mizuho Corporate Bank … Continue reading Wind energy in Philippines: EDC gets $80-m wind farm loan
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