Basic Energy Corp. said it has secured a Wind Energy Service Contract, clearing the way for its plan to expand its renewable energy portfolio.
The WESC granted by the Department of Energy will cover an onshore wind power project in San Juaquin and Miag-ao in Iloilo, and Hamtic, Antique with a total area of 13,932 hectares covering 172 renewable energy blocks.
Basic Energy said the said wind farm is expected to generate 150 megawatts to 175 MW based on the preliminary study done by an independent party.
The DOE approval will allow Basic Energy to start deploying resources to determine the precise wind regime in the said area. It is expected to complete the pre-development stage in a 5-year period as committed under the said service contract.
