HSBC lends debt financing for 160 MW wind project in Ilocos Norte
Philippine-based renewable energy developer AC Energy Corp. has secured a sustainable commercial letter of credit (LC) from HSBC Philippines to support the development of the 160 MW Balaoi and Caunayan wind farm project located in Pagudpud, Ilocos Norte.
The project represents about PhP11.4 billion (US$237.89 million) of investment. It will consist of 32 wind turbines that are expected to be operational by 2023.
Once commissioned, about 504 GWh of energy per year will be produced from the plant.
Country updates
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March 07, 2022
Basic Energy to invest US$31mn for 50 MW wind project in Batangas
Philippine-based Basic Energy Corporation (BEC) is investing up to US$31 million to develop the 50 MW wind farm project in the province of Batangas in the Philippines. The wind farm will b...
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March 02, 2022
AC Energy connects 120 MW Alaminos solar project to energy storage in Laguna
AC Energy, the renewable energy development arm of Ayala Corporation, has connected its operational 120 MW Alaminos solar photovoltaic project to the 40 MW/60 MWh Alaminos Energy Storage system in the...
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February 10, 2022
SPNEC signs 10-year PSA for its 500 MW solar project in Central Luzon
Solar Philippines Nueva Ecija Corporation (SPNEC) has signed a 10-year renewable power supply agreement (PSA) with distribution utility Angeles Electric Corporation (AEC) for its 500 MW solar pho...
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February 02, 2022
The Blue Circle partners with CleanTech Global Renewables for 1.2 GW wind project in Bulalacao
The Blue Circle and its partner CleanTech Global Renewables, Inc. have signed their first wind energy service contract for the 1.2 GW offshore wind project in Bulalacao, Oriental Mindoro, the Phi...
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January 28, 2022
Gen X Energy, ACE Enexor to jointly develop 1.1 GW LNG and green hydrogen-fueled power plant in Batangas
Gen X Energy enters into a joint venture with ACE Enexor Inc., a subsidiary of AC Energy Corp., to develop Batangas Clean Energy, Inc.’s (BCE) 1,100 MW combined cycle power plant project. The p...
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