Additional capacity from renewable energy (RE) sources of up to 169 megawatts (MW) are soon added to the grid after an enterprise secured an additional wind energy service contract (WESC) while a rooftop solar project partnership in Tarlac has been signed.
In a disclosure to the Philippine Stock Exchange last week, Basic Energy Corp. said it secured from the Department of Energy (DOE) a service contract for the Balayan nearshore wind power project approximately a kilometer east of the Calatagan peninsula in Batangas.
Basic Energy said the contract took effect on 22 June authorizing the company exclusive rights to explore, develop and utilize the wind energy resources in 2,835 hectares of the contracted area.
The company said that with the approval and formal signing, it will now start deployment of resources to validate the wind regime and declare the project’s commercial viability within five years.
Basic Energy said the project will generate and deliver power to the grid from 140 to 168 MW based on model simulations done by a foreign third-party consultant.
It added that with the addition of the Balayan service contract to the existing Mabini and Panay service contracts, its wind power portfolio ranges from 350 to 400 MW. Service contracts for its other renewable energy prospects are also expected to come in the near term.
In a parallel event, EEI Corporation subsidiary, EEI Power Corp. (EEIPC), signed a deal with International Wiring System Philippines Corp. (IWSP) for the construction of a 1 MW solar PV rooftop system at the latter’s plant in Tarlac City.
EEI said it is among several deals being carried out through the joint marketing efforts of EEIPC and Nippon Steel Trading Corporation in Manila, for Japanese-affiliated companies in the Philippines.
This relates to 1,832 pieces of 550-watt monocrystalline solar photovoltaic panels designed to provide at least 40 percent of the daytime load requirement of IWSP’s building 6 and will yield an annual energy output of 1,296,675 kilowatt-hours.
The system is also expected to mitigate IWSP’s carbon footprint by an estimated 598 metric tons per year which is equivalent to saving 136,492 liters of gasoline annually and planting 17,848 trees.
IWSP is engaged in the manufacturing of electrical wires and optical fiber cables while EEIPC is involved in power generation and the provision of electrical equipment and services that includes solar rooftop installations apart from engaging in retail electricity supply business through its wholly-owned subsidiary, EEI Energy Solutions Corp.
