Manila Bulletin
By Myrna M. Velasco
Published: June 20, 2013
Alternergy Wind One Corporation will be investing $380 million for two wind power projects of 67-megawatt capacity each in Rizal province.
Alternergy director Knud Hedeager, in an interview with reporters, said the initial Pililla wind project just broke ground on June 18 while the planned Mount Sembrano wind power facility will come next.
The company said it will be setting capital outlay of $180 million for the Pililla facility; while the Sembrano project will command higher investment of $200 million because of transmission access.
The other wind farms being targeted for development by the company are those in Abra de Ilog in northern Luzon and the Cavinti prospect in Laguna.
“We have been done on our studies for Abra de Ilog and Cavinti in Laguna,” he said, noting that the potential could be of 30 to 40MW capacity each.
Hedeager said the 67.5-MW Pililla project is being pushed forward for inclusion into the allowable installation cap of 200MW for wind technology as set by the Department of Energy.
The facility which is targeted on-line by 2015 will be equipped with 27 wind turbines by German technology provider Nordex Se. It will be of 2.5MW capacity each per turbine.
For both the Pililla and Sembrano projects, Alternergy which is headed by former Energy Secretary Vincent Perez, will have Korean firm East West Power Ltd. Co. as its partner.
Hedeager acknowledged that under the “first-come, first served policy” set forth by the energy department, “the banks are still reluctant to lend under a pure project finance basis.”
Given that, he stressed that project developers are scouring for a hybrid option that will also partly integrate balance sheet financing.
The other ventures in Alternergy’s investment blueprint will be hydropower developments that it plans to undertake with another local firm Constellation Energy. source
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