Alternergy announces wind farm investment
Alternergy Wind One Corp. plans to expand its investments in wind energy in the Laguna-Rizal area of the Philippines, after launching a wind farm in Pililla, Rizal, with a capacity to produce 54 MW at an estimated cost of US$145 million.
Based on the company’s cost estimates, the new 72 MW project will need an investment of around US$193 million and it will bring Alternergy’s total wind power capacity to 126 MW.
The next phase of the project will be set up under a new company Alternergy Sembrano Wind Corp.
The first phase of the Pililla wind farm was completed in June 2015.
The project has secured a certificate of compliance from the Energy Regulatory Commission under the feed-in-tariff (FIT) scheme for 20 years.
Alternergy President, Vicente S. Perez, said:
“We want to be able to sell electricity, not generate undistributed energy, that’s why we decided to relocate here. We don’t have any transmission problem here because we’re so close to the grid. We were originally in Bangui but there is congestion there because of the multiple wind farms so we’ve decided to come down here.The turbines are getting taller and wider, which only means that the cost of electricity will also go down for wind."
