Phesi Puerto Galera wind project gets green light | Inquirer Business

Phesi Puerto Galera wind project gets green light

/ 10:33 PM September 19, 2013

Philippine Hybrid Energy Systems Inc. (Phesi) is set to proceed with the first phase (16 MW) of the wind project in Puerto Galera, Oriental Mindoro.

Phesi was the first to secure a certificate of commerciality for a wind project in the off grid area, allowing it to push through with the project.

The company has started construction, which is expected to take 18 months to complete, president and COO Nicanor Villasenor III told reporters yesterday.

Article continues after this advertisement

The project is expected to be completed early 2015, 10 months ahead of the December 2015 previous target date.

FEATURED STORIES

“This project will complement the predominantly diesel power supply in Oriental Mindoro, which is seeing exponential economic grown,” Villasenor said.

The wind project is covered by Wind Energy Service Contract No. 2011-03-045, the first wind service contract awarded under the term of President Aquino.

Article continues after this advertisement

It is also the first company to be granted a COC to a project located in the missionary area “not covered by the feed-in tariff.”

Article continues after this advertisement

On Sept. 12, Phesi received a confirmation of commerciality (No. WCC-2013-08-006) by DOE for the wind project.

Article continues after this advertisement

Phesi is a company of CMC (Asia Inc.) in partnership with Berkeley Energy.

“CMC (Asia), a leader and pioneer in the Philippines since 1979 in renewable energy, is participating in the overall electrification program and development of other wind and mini-hydro projects not only in the province of Mindoro to address its growing energy needs but also in the Asian region,” he said.

Article continues after this advertisement

Berkeley Energy manages the Renewable Energy Asia Fund that invests in renewable energy assets in developing markets.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, energy sector, wind power

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.