The Department of Energy (DOE) awarded a new onshore wind power project Albay province, with a prospective generation capacity of 150 megawatts to Alternergy Holdings Corp. through its wind sub-holding company Alternergy Wind Holdings Corp. (AWHC).
Alternergy said in a disclosure to the Philippine Stock Exchange Thursday the DOE awarded a certificate of authority (COA) to undertake exploration and assessment of wind resources for the Albay wind power project across several municipalities in Albay.
“Alternergy is pleased to receive the DOE’s approval to develop another wind project in Luzon,” said AWHC president Knud Hedeager.
“The COA framework is a landmark policy initiative by the current DOE under Energy Secretary Raphael Lotilla. It supports developers from the onset, thereby helping mitigate project risks and enhance overall project viability,” he said.
The Albay Wind Power Project has a project area of 6,318 hectares and is estimated to accommodate at least 150-MW wind capacity.
The project would form part Alternergy’s next pipeline of projects beyond Alternergy’s current Road to 500 MW by 2026.
“This is an exciting time for us as we are set to complete construction of our Tanay and Alabat wind power projects this year, after which Alternergy will be moving forward with developing new wind projects,” Hedeager said.
The Tanay wind power project in Rizal has a capacity of 128 MW, while the Alabat wind power project has a capacity of 64 MW in Quezon.
Alternergy founders co-developed Bangui Bay wind farm in 2005, the first in the Philippines and throughout Southeast Asia.
The Albay wind project would be Alternergy’s fifth wind project in the country.