A Brown Company Inc. (ABCI) is entering the renewable energy industry through 120 megawatts (MW) worth of hydropower projects under development.
Several hydropower projects are currently in development stages, ABCI president, and CEO Roel Castro.
“It’s at different development stages. But we’re looking at a total of about, right now on development, 120 MW. If I’m not mistaken, that’s around 10 projects,” Castro said.
The company is focused on hydropower projects as it can be used as baseload power.
“We are looking more at hydro. For one, solar is already full as far as FIT (feed-in-tariff) is concerned. More importantly, given the profile of the grid, adding more intermittent power…would not be helping both commercially and technically,” Castro said.
These projects will be done by ABCI with Rebisco group but the project company is still in the works.
“It really depends on the joint venture partner. But for now, it remains with the partnership that we have, the same partners with PCPC (Palm Concepcion Power Corp.) as well as for Peakpower Energy Inc. (PEI),” Castro said.