Ayala unit AC Energy Corporation started construction of the 160-megawatt (MW) Balaoi and Caunayan wind farm in Pagudpud, Ilocos Norte, which would be the country’s largest wind farm.
In a disclosure to the local bourse, AC Energy said its capacity in the country will be doubled once the wind farm is completed.
“We are very excited to begin the construction of the Balaoi and Caunayan wind farm, which will be the largest and lowest-cost renewable energy producer in the country,” said AC Energy chief development officer Jose Maria Zabaleta.
The Balaoi and Caunayan wind farm is AC Energy’s third wind project, along with the NorthWind project in Bangui and North Luzon Renewables wind farm in Pagudpud.
AC Energy will be working with its longtime partner UPC Renewables for the P11.4-billion project.
The wind farm is slated for completion by the fourth quarter of 2022 and would be operational by 2023, in anticipation of tighter supply in the Luzon energy market.
“The site of the Balaoi and Caunayan wind farm has one of the best wind resources in the country and its construction marks the culmination of over 10 years of development work,” said UPC Renewables Philippines chief executive officer David Sutton.
Global wind engineering firm Siemens Gamesa will supply, install, and commission a total of 32 wind turbines, with a capacity of 5 MW each.
AC Energy aims to be the largest listed renewables platform in Southeast Asia. Once the infusion of AC Energy International into AC Energy is completed, the latter’s total renewables capacity will be over 2,000 MW, moving closer to its 2025 goal of achieving 5,000 MW. – Rappler.com