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 Philippines.
Despite the current pandemic situation affecting the approval of wind power projects in the Philippines, companies have succeeded in securing the exclusivity for the Bulalacao site development through a service contract. The project will the largest offshore wind farm in the country and will consist of 100 turbines with a unit capacity of 12 MW.
This is in concordance with the roadmap being prepared by the Philippines Department of Energy under the assistance of the World Bank Group. WB has estimated that the potential of offshore wind power in the Philippines is over 170 GW and has selected Oriental Mindoro as the best offshore wind site in the country.
Country updates
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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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January 27, 2022
Philippines' Meralco launches tender for 850 MW renewable energy projects
The privately-owned electric utility Manila Electric Company (Meralco) has launched a request for expression of interest (RFEOI) for the development of renewable energy projects with a total generatin...
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November 09, 2021
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October 19, 2021
KKR completes investment in First Gen
KKR has acquired a 7.3% of common shares of First Gen Corporation that were tendered by shareholders of the company in the Philippines. The transaction has a total investment value of PHP8.68 bil...
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October 14, 2021
Nexif, SN Aboitiz sign PPA for 75 MWp Calabanga solar project in Camarines Sur
Nexif Energy has signed a long-term power supply agreement (PSA) with SN Aboitiz Power (SNAP) for its maiden solar farm in the Philippines. SNAP is a joint venture between Aboitiz Power Corporati...
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