The Lucio Tan Group is looking into entering a partnership with Alternergy Philippines Holdings Corp. through a stake in an 80-megawatt (MW) wind farm project to expand their renewable energy portfolio.
In a press briefing yesterday, LTG President Michael Tan said the company wants to expand into wind energy through a stake in Alternergy’s Sembrano wind farm that spans across the towns of Pililla, Rizal, Mabitac and Pakil, Laguna.
“We’re looking at expanding our portfolio,” Tan said. “It’s in the discussion stage and we have to wait for the Department of Energy (DOE) guidelines.”
The planned 72-80 MW wind farm would be an expansion of Alternergy’s existing project in Barangay Halayhayin in Pililla by its unit Alternergy Wind One Corp. The project was inaugurated last January.
LTG has a 2-MW solar power plant and a 40-MW biomass facility both located in Batangas through Absolute Distillers Inc.
The DOE is set to release the guidelines on the bidding for the third phase of feed-in-tariff (FIT) allocation for renewable energy. The FIT are incentives given to RE industry players through fixed electric rates.