Citicore Wind Energy Corp. (CWEC) said Monday it is revising the configuration of its proposed wind project in Pangasinan province.
Citicore Renewable Energy Corp. (CREC), its parent company, said in a disclosure to the stock exchange that CWEC, through its direct subsidiary Citicore Wind Pangasinan 2 Inc., plans to revise the project capacity to 80 megawatts (MW) with an estimated cost of P9.6 billion and an estimated completion timeline of the first quarter of 2028.
CREC did not provide details on why it decided to revise its project configuration.
CWEC, in its original submission to the Department of Environment and Natural Resources, had said it was planning to construct a 150-MW wind project in Pangasinan.
CWEC said Sual and Labrador, Pangasinan benefit from consistent and strong wind speeds, which optimize energy generation capacity.
The sites also have favorable geographic conditions, including suitable land availability in areas with minimal environmental sensitivity, and are near existing transmission infrastructure, ensuring seamless integration of generated power into the national grid.
“During initial consultations, communities responded positively to the project and its potential socioeconomic benefits,” CWEC said.
“Moreover, the initiative will benefit from a supportive regulatory environment, as the adoption of wind power aligns with the country’s goals of energy independence, decarbonization, and achieving net-zero emissions,” it said.
The company was granted exclusive development rights for the Pangasinan CW 2 wind project through a wind energy service contract (WESC) from the Department of Energy (DOE) on Nov. 30, 2024.
CWEC said the decision to utilize wind as the primary resource for the onshore Pangasinan Citicore Wind 2 project is a strategic one, ensuring high energy output.
“This project plays a crucial role in the country’s energy transition strategy, aimed at reducing reliance on fossil fuels, enhancing energy security, and mitigating the adverse effects of climate change,” it said.
