Trans-Asia Renewable Energy Corp. looking to expand wind farm

trans-asia-renewable-energy-corp-looking-to-expand-wind-farm

Phinma Group’s Trans-Asia Renewable Energy Corp. (TAREC) is looking to add 40 megawatts (MW) of capacity for its Guimaras wind farm, a company official said.

Company vice president Danilo Panes said the construction could be set in Sibunag, 15 kilometers from the site. However, feed-in-tariff (FIT) rules will still play a key factor in the planned construction.

“The plan is 40 MW. If you will use 2 MW each (tower), that would be 20 towers, but if it has a bigger capacity, it could be 16,” he said.

The government has granted TAREC with a P7.40 FIT rate for 20 years, which began on December 27, 2014. Panes added that the company would like to see new installation targets first.

“We’re still planning since we still need to see the new installation targets [for FIT3 for wind] from DOE (Department of Energy) but we are preparing,” he said.

TAREC is currently operating a 54-MW wind farm in San Lorenzo, Guimaras. They are also planning to build an expansion for their wind farm in Nueva Valencia, which is also located in Guimaras.

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