Business World Online
Posted on January 06, 2014 09:41:59 PM
FOUR more wind power projects with combined capacity of 174 megawatts (MW) are set to be developed after the Energy department declared these ventures as commercially feasible.
A MODEL wind turbine spins at an international power technology conference and exhibit at the SMX Convention Center in Pasay City in this photo taken on Sept. 28, 2011. --JLC
The department’s Web site showed that certificates confirming the commerciality of the four projects located in Ilocos Norte were issued last month.
VENTURES
The Energy department last Dec. 2 gave the green light for Energy Logics Philippines, Inc. to proceed with construction of its 48-MW wind project in the municipality of Pasuquin.
Lopez-led Energy Development Corp. (EDC), on Dec. 3, also secured a similar certificate for the 63-MW expansion of its existing wind project in the municipality of Burgos.
EDC is building its 87-MW Burgos wind project that is expected to be operational by the middle of this year.
The company, in March last year, disclosed plans on expanding the plant’s capacity up to 150 MW.
At the same time, units of AC Energy Holdings, Inc. (ACEHI) -- the power generation arm of conglomerate Ayala Corp. -- also received similar confirmations from the department.
Northern Luzon UPC Asia Corp. (NLUPC) will develop a 45-MW wind project in Barangay Balaoi in the municipality of Pagudpud.
NLUPC -- a joint venture among ACEHI, UPC Philippines Wind Holdco I B.V. and Philippine Investment Alliance for Infrastructure Fund -- is building an 81-MW wind project in Barangay Caparispisan in the same municipality.
The wind farm is expected to be operational by late 2014 or early 2015.
Northwind Power Development Corp., which is 50%-owned by ACEHI, also received last Dec. 2 the approval of the 18-MW expansion of the existing 33-MW wind farm in the municipality of Bangui.
These four wind projects add to the five existing wind projects that had already secured similar certificates on “declaration of commerciality.”
These projects are:
• EDC’s 87-MW project in Burgos;
• Alternergy Wind One Corp.’s 67.5-MW project in Pililla, Rizal;
• Trans-Asia Oil and Energy Development Corp.’s 54-MW project on Guimaras Island;
• PetroEnergy Resources Corp.’s 50-MW project in Nabas, Aklan; and
• NLUPC’s 81-MW project in Pagudpud, Ilocos Norte.
FEED-IN TARIFF
Mario C. Marasigan, director of the Energy department’s Renewable Energy Management Bureau, said last year that “developers who receive certificates confirming declaration of commerciality can proceed with construction of their renewable energy projects.”
“The confirmation also signifies that these projects are intended to be applied under the FIT (feed-in tariff) once they finish construction and start their commercial operations,” Mr. Marasigan had said.
Under the FIT, renewable energy developers will dispatch electricity generated by their projects to the grid at a fixed rate for a period of 20 years.
The Energy Regulatory Commission approved in July 2012 FIT rates for run-of-river hydro (P5.90 per kilowatt-hour); biomass (P6.63/kWh); wind (P8.53/kWh); and solar (P9.68/kWh).
The rates are based on the assigned installation ceilings per technology, which total 750 MW. Run-of-river hydro and biomass projects are allocated at 250 MW each, wind power at 200 MW, and solar power at 50 MW.
Mr. Marasigan said the department will issue a certificate of eligibility under the FIT to developers on a “first come, first serve” basis.
“Once an installation target has been fully subscribed, the department will coordinate with the NREB (National Renewable Energy Board) to review and assign a new installation target for the particular renewable energy technology,” Mr. Marasigan had said.
He added that those intending to apply their projects under FIT but who fail to do so, in the meantime, will have to sell electricity they generate through a bilateral agreement with a power distributor or through the Wholesale Electricity Spot Market. -- Claire-Ann Marie C. Feliciano source
VENTURES
The Energy department last Dec. 2 gave the green light for Energy Logics Philippines, Inc. to proceed with construction of its 48-MW wind project in the municipality of Pasuquin.
Lopez-led Energy Development Corp. (EDC), on Dec. 3, also secured a similar certificate for the 63-MW expansion of its existing wind project in the municipality of Burgos.
EDC is building its 87-MW Burgos wind project that is expected to be operational by the middle of this year.
The company, in March last year, disclosed plans on expanding the plant’s capacity up to 150 MW.
At the same time, units of AC Energy Holdings, Inc. (ACEHI) -- the power generation arm of conglomerate Ayala Corp. -- also received similar confirmations from the department.
Northern Luzon UPC Asia Corp. (NLUPC) will develop a 45-MW wind project in Barangay Balaoi in the municipality of Pagudpud.
NLUPC -- a joint venture among ACEHI, UPC Philippines Wind Holdco I B.V. and Philippine Investment Alliance for Infrastructure Fund -- is building an 81-MW wind project in Barangay Caparispisan in the same municipality.
The wind farm is expected to be operational by late 2014 or early 2015.
Northwind Power Development Corp., which is 50%-owned by ACEHI, also received last Dec. 2 the approval of the 18-MW expansion of the existing 33-MW wind farm in the municipality of Bangui.
These four wind projects add to the five existing wind projects that had already secured similar certificates on “declaration of commerciality.”
These projects are:
• EDC’s 87-MW project in Burgos;
• Alternergy Wind One Corp.’s 67.5-MW project in Pililla, Rizal;
• Trans-Asia Oil and Energy Development Corp.’s 54-MW project on Guimaras Island;
• PetroEnergy Resources Corp.’s 50-MW project in Nabas, Aklan; and
• NLUPC’s 81-MW project in Pagudpud, Ilocos Norte.
FEED-IN TARIFF
Mario C. Marasigan, director of the Energy department’s Renewable Energy Management Bureau, said last year that “developers who receive certificates confirming declaration of commerciality can proceed with construction of their renewable energy projects.”
“The confirmation also signifies that these projects are intended to be applied under the FIT (feed-in tariff) once they finish construction and start their commercial operations,” Mr. Marasigan had said.
Under the FIT, renewable energy developers will dispatch electricity generated by their projects to the grid at a fixed rate for a period of 20 years.
The Energy Regulatory Commission approved in July 2012 FIT rates for run-of-river hydro (P5.90 per kilowatt-hour); biomass (P6.63/kWh); wind (P8.53/kWh); and solar (P9.68/kWh).
The rates are based on the assigned installation ceilings per technology, which total 750 MW. Run-of-river hydro and biomass projects are allocated at 250 MW each, wind power at 200 MW, and solar power at 50 MW.
Mr. Marasigan said the department will issue a certificate of eligibility under the FIT to developers on a “first come, first serve” basis.
“Once an installation target has been fully subscribed, the department will coordinate with the NREB (National Renewable Energy Board) to review and assign a new installation target for the particular renewable energy technology,” Mr. Marasigan had said.
He added that those intending to apply their projects under FIT but who fail to do so, in the meantime, will have to sell electricity they generate through a bilateral agreement with a power distributor or through the Wholesale Electricity Spot Market. -- Claire-Ann Marie C. Feliciano source
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