INQUIRER FILE PHOTO
Ireland-based Mainstream Renewable Power Ltd. marked its foray into the Philippine wind energy space with a win of two contracts to build two onshore projects.
In a statement over the weekend, the Department of Energy said it signed two wind energy service contracts with Mainstream to build wind projects with a combined capacity of 440 megawatts (MW) in Cagayan province and Leyte.
Each contract has an operating period of 25 years. The two projects are the 100-MW Santa Ana Cagayan Wind Project and the 340-MW Panaon Wind Project on Panaon Island in Leyte.
Mainstream, whose headquarters are located in Dublin, is a pure-play renewable energy (RE) company with wind and solar assets across global markets, including in Latin America, Africa and the Asia-Pacific region.
The company, which has been operational in the Philippines since 2017, has an existing partnership with Aboitiz Power Corp., to develop a 58-MW onshore wind project in Camarines Sur.
The new permits represent the first time that Mainstream fully accounts for onshore wind service contracts in the country.
Energy Secretary Raphael Lotilla said the awarding of wind service contracts to Mainstream further accelerates the government’s thrust to develop the country’s indigenous and renewable sources of energy following the lifting of foreign ownership restrictions on RE development. INQ