(The Philippine Star) | Updated September 12, 2016 - 12:00am
MANILA, Philippines -
Trans-Asia Renewable Energy Corp. (TAREC) of the Phinma Group is eyeing to
construct an additional 40-megawatt (MW) capacity for its wind farm in
Guimaras, a ranking official said.
“The plan is 40 MW. If
you will use 2 MW each (tower), that would be 20 towers, but if it has a bigger
capacity, it could be 16,” said Danilo Panes, the company vice president.
“It would be (located)
in Sibunag, 15 kilometers from San Lorenzo,” he added.
At present, TAREC is
operating the 54-MW San Lorenzo wind farm in Guimaras, and while there are
plans to expand this, Panes said government rules on feed-in tariff (FIT) will
be a key factor.
He said the company
would want to see the new installation targets first, although he also admitted
that they are already preparing expansion plans at this early.
FIT is a mechanism in
renewable energy used to entice more investors on the sector. It calculates a
specific rate of payment to investors per their energy produce, depending on
its type.
Currently, TAREC is
allowed by the government to charge a FIT of P7.40 per kilowatt-hour for 20
years beginning Dec. 27, 2014.
“We’re still planning
since we still need to see the new installation targets [for FIT3 for wind]
from DOE (Department of Energy) but we are preparing,” Panes said.
TAREC has also lined up
another wind farm expansion in nearby Nueva Valencia, also in Guimaras.
The San Lorenzo wind
farm, which consists of 27 wind turbines generating
2 MW of power each, started operations in December 2014.
2 MW of power each, started operations in December 2014.
TAREC is a unit of
Phinma Energy Corp., formerly Trans-Asia Oil and Energy Development Corp.,
which targets to double its capacity portfolio of about 500 megawatts (MW) at
end-2016 in the next 10 years.
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