Basic, Renova to develop 50-MW Mabini wind project
By Alena Mae S. Flores – April 17, 2024, 7:25 pm
from manilastandard.net
Listed Basic Energy Corp. on Wednesday signed the joint development and shareholder’s agreement (JDSHA) with Japanese renewable energy firm Renova Inc. for the P4.5-billion Mabini wind power project in Batangas with an estimated capacity of 50 megawatts.
The agreement cements the strategic alliance between the two companies and heralds a major advance in the development of the Mabini wind power project.
Renova agreed on a 50:50 equity basis with Basic Energy in Mabini Energy Corp., enhancing the collaboration and reinforcing their mutual commitment to fostering a cleaner, brighter future. Renova is a prominent leader in Japan’s burgeoning renewable energy sector.
“The envisioned Mabini wind power project is slated to initially produce 50MW of clean energy, contributing to the Luzon grid. Our journey began with the installation of a 120-meter Meteorological Mast in Barangay San Teodoro, Mabini, in November 2022, followed by the deployment of LIDAR equipment in Barangay Estrella, Mabini, in June 2023, enhancing our wind resource assessment (WRA) activities,” Basic vice chairman and chief executive Oscar de Venecia said during the signing ceremony.
He said the WRA, scheduled for completion by May 2024, aims to determine the area’s wind resource viability and identify optimal wind turbine generators (WT) for the project.
“We are poised to create a world-class wind farm in the Mabini Peninsula. Moreover, our collaboration underscores our commitment to fostering enduring relationships within the Philippine energy sector. Once again, thank you for joining us on this momentous occasion,” de Venecia said.
Set across a sprawling 4,860-hectare contract area under Wind Energy Service Contract (WESC) No. 2021-01-142, the Mabini wind power project epitomizes Basic Energy’s steadfast commitment to supporting the Philippines’ renewable energy goals and promoting environmental sustainability.
The project aims to harness wind energy resources to significantly reduce carbon emissions and enhance the nation’s energy security.
Basic installed a 120-meter meteorological mast in Barangay San Teodoro, Mabini, in November 2022. This was followed by the deployment of state-of-the-art LIDAR technology in Barangay Estrella, Mabini in June 2023.
These sophisticated tools are key in carrying out a thorough Wind Resource Assessment (WRA), which is essential for assessing the project’s viability and estimating its potential Annual Energy Production (AEP).
The WRA is anticipated to be completed by May 2024, which will facilitate the selection of the most suitable wind turbine generators (WTG) for the site.
