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Monday, May 20, 2024

Repower Energy developing 200-MW wind farm in Quezon

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Repower Energy Development Corp., a subsidiary of Pure Energy Holdings Corp., said Wednesday it is developing a 200-megawatt wind farm in Quezon province.

“We are pleased to expand our energy portfolio beyond run-of-the-river hydropower plants as it would allow us to contribute more towards our nation’s sustainability goals,” REDC president and chief executive Eric Peter Roxas said.

“Our wind farms will be built within the vicinity of our hydropower plants. This will allow us to maximize synergies in our operations and logistics and tap into the transmission lines, switchyard, access roads and other infrastructure developments we own and are already built,” Roxas said.

The project will cover two wind energy service contracts in line with REDC’s mission to provide clean energy and uplift the living standards of rural and under-electrified communities.

It involves the Silang Maragondon wind farm which will cover 2,592 hectares of land and the Pandan Labayat wind farm which span 2,025 hectares.

The proposed grid connection for the projects will be the operational Biga Switchyard Station, which is connected to the National Grid Corporation of the Philippines.

The Biga substation is being utilized by three run-of-river hydropower plants that REDC operates in the area.

“The wind farms are also strategically located as they are facing the Pacific Ocean, allowing us to fully harness the sea breeze,” Roxas said.

REDC said 2023 marks a busy period of expansion for the company. It signed a memorandum of agreement with Austria-based Gugler Water Turbines GMBH for the development of a 320-MW seawater-pumped storage project in the country.

This would make REDC the first energy developer in the Philippines to have this project in its portfolio.

The company will also soon add to its seventh and eighth operating hydropower plants in its portfolio with the commissioning of the 5.8-MW Tibag hydropower plant and the 1.4-MW Lower Labayat hydropower plant.

The company is also constructing the 15-MW Pulanai mini hydropower project in Bukidnon and the 4.5-MW Piapi MHP project in Quezon. Both projects are targeted to be operational by 2025.

REDC posted a net income of P168 million in 2022 and expects 2023 net income to reach P300 million.

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