MoU signed for the joint development of 50 MW Onshore wind farm in the Philippines
Basic Energy Corp. signed a memorandum of understanding (MOU) with Japan’s Renova Inc. for the joint development of the 50-MW Mabini wind project in Mabini, Batangas, in the Philippines.
Renova and Basic's relationship will be strengthened by the joint development and shareholders agreement (JDSHA), which will establish Mabini Energy Corp. (MEC) as the special purpose company for the Mabini wind project. This came about after the Basic board gave management permission on January 29, 2024, to execute the MOU. MEC is gathering information from the meteorological mast placed in the project region and readings from LIDAR equipment to continue its assessment of the project's wind resources.
The facility will be built on about 4,860 hectares of area and is expected to operate and deliver power to the grid by 2027.
Country news
-
-
July 13, 2023
Seraphim to supply solar modules for 300 MW solar project in Zambales
Chinese solar module manufacturer Seraphim Energy Group Co., Ltd. has signed a solar module supply agreement with Malaysia-based company ERS Energy Group of Companies for the development of a solar project in the Philippines.
Read more -
May 17, 2023
Mingyang smart energy to supply turbines for 306 MW Wind Onshore Farms in Philippines
Mingyang Smart Energy Group Limited has secured a 306 MW order from Vena Energy for the Talim (212.5 MW) and the Sembrano (93.75 MW) onshore wind projects located in the province of Rizal, Philippines.
Read more -
January 30, 2023
Construction started for 300 MW solar PV project in Philippines
Ayala corporation has started the construction of its 300 MW Palauig 2 solar photovoltaic (PV) project in Zambales, Philippines.
Read more -
October 31, 2022
850 MW PPA signed for Solar PV project in Philippines
Prime Infra has signed a 20-year power supply agreement (PSA) with Manila Electric Co. (Meralco) to supply 850 MW of energy generated from its 2,500 MW to 3,500 MW solar photovoltaic (PV) system in the Philippines.
Read more -
September 13, 2022
Prime Infra buys majority stake in 500 MW pump-storage hydroelectric power plant in Philippines
Ahunan Power Inc. has agreed to purchase a majority stake in Olympia Violago Water and Power Inc. (OVWPI), the developer of the 500 MW Wawa Pumped Storage Hydropower Project in Rizal province, Philippines.
Read more
