Basic Energy Corporation, a publicly listed company, is looking to establish a 155-megawatt (MW) onshore wind power facility that will span across locations in San Joaquin and Miag-ao in Iloilo, as well as in Hamtic, Antique.
The company said in Philippine Stock Exchange (PSE) disclosure that it has recently obtained approval from the Department of Energy (DOE) for its application for a wind energy service contract (WESC).
According to the project proposal submitted to the energy department, the intended facility will encompass a total land area of about 13,932 hectares, spanning 172 renewable energy (RE) blocks.
The company stated that following the approval and signing of the WESC, it will initiate the deployment of its resources for a wind resource assessment campaign to accurately determine the wind regime of the specified area.
The company emphasized that the pre-development phase of the project will be completed within five years, as stipulated in the service contract granted by the DOE.
It further mentioned that an independent third party will be responsible for conducting the preliminary study.
Onshore wind is one of the RE developments that attract investors in the local energy sector, aligning with the Philippine government’s energy transition agenda.
Commercial onshore wind farms are concentrated in northern Luzon and Rizal province near Metro Manila, while the wind-rich sites in Visayas include those found in Aklan and Guimaras.
Basic Energy has not provided specific timelines for the implementation of the project, nor has it disclosed its plans for off-take agreements regarding the potential capacity of the power plant.
Sponsor firms in the RE sector have the opportunity to choose long-term power supply agreements (PSAs) offered by the government through the Green Energy Auction (GEA) program administered by the DOE.