Trans-Asia Renewable Energy Corp. looking to expand wind farm
- September 12, 2016
- 0
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
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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
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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.
