Tag Archives: Philippines

EDC 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

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EDC 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

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Bangui 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

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Wind 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

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EDC 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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Geothermal Energy in Philippines and Indonesia

Indonesia’s geothermal reserves have potential to generate 28,994 megawatt of electricity but utilisation has reached only 1,196 MW or a mere four percent of the potential capacity. The Philippines, which is also an archipelago like Indonesia, has been more advanced in the utilisation of geothermal energy despite having only 14 percent of the world’s total … Continue reading Geothermal Energy in Philippines and Indonesia

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Gamesa enters Philippine wind energy market supplying 54 MW

Gamesa, a global technology leader in wind energy, is adding a new market to its geographic footprint, having signed an agreement to supply 54 MW of turbines to the San Lorenzo wind farm being constructed by Japan’s Kanematsu Corporation in Guimaras Island for Trans Asia Renewable Energy, one of the country’s leading independent energy producers. … Continue reading Gamesa enters Philippine wind energy market supplying 54 MW

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Wind energy in Philippines: New Ilocos wind farm to start construction

NORTHERN LUZON UPC Asia Corp. (NLUPC) is set to proceed with construction of its 81-megawatt (MW) wind farm in Ilocos Norte. Mario C. Marasigan, director of the department’s Renewable Energy Management Bureau, said “there was a groundbreaking ceremony of NLUPC’s Caparispisan (Pagudpud) project last Tuesday, Sept. 3.” Mr. Marasigan said the company will now “move … Continue reading Wind energy in Philippines: New Ilocos wind farm to start construction

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Siemens receives a 81 MW wind energy order from Philippines

Siemens Energy has received its first wind power order for the Caparispisan project in Pagudpud, Illocos Norte, Philippines. The customers are Northern Luzon UPC Asia Corporation, AC Energy Holdings, Inc. and Philippine Investment Alliance for Infrastructure comprised of Government Service Insurance System, APG and Macquarie Infrastructure Holdings (Philippines) Pte. Limited. Modern gearless machines for the … Continue reading Siemens receives a 81 MW wind energy order from Philippines

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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 … Continue reading Wind energy in Philippines: 54 MW wind farm in Guimaras

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Vestas signs 87 MW Philippines wind energy deal

Vestas’ new 87 MW order in the emerging wind market of the Philippines made possible through close co-operation with EDC, the Philippines’ leading renewable energy developer. With reference to Vestas Wind Systems A/S company announcement No. 29 of 28 June 2013, today, Vestas received a firm and unconditional order from Energy Development Corporation (EDC) of … Continue reading Vestas signs 87 MW Philippines wind energy deal

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Philippines approves 3 wind farm projects to generate 208 MW

Philippines has approved three wind farm projects that will generate 208 MW, enough to power more than 40,000 middle-class homes, an energy official said on Monday. The wind energy projects will be the first to benefit from an incentive scheme that aims to ensure half the country’s energy comes from renewable sources by 2030, compared … Continue reading Philippines approves 3 wind farm projects to generate 208 MW

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EDC

Lopez-led Energy Development Corporation (EDC) has gotten the green light from the Department of Energy (DOE) to push through with the development of its $300-million wind project in Burgos, Ilocos Norte. The DOE granted the Certificate of Confirmation of Commerciality for the 87-MW Burgos Wind Project, which aims to become the largest wind farm in … Continue reading EDC

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EDC 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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Ilocos Norte welcomes 2nd wind farm in Burgos

Another wind farm project in Ilocos Norte breaks ground today in Burgos town, 50 kilometers north of Laoag City. The Energy Development Corp., the country’s largest geothermal producer, will build the $300 million, 87-megawatt Burgos Wind Project (BWP) which covers around 600 hectares of land across three villages in Burgos, namely, Saoit, Poblacion and Nagsurot. … Continue reading Ilocos Norte welcomes 2nd wind farm in Burgos

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