DOE, Mainstream sign 2 wind contracts with 440-MW capacity

By Alena Mae S. Flores – March 10, 2024, 8:15 pm
from manilastandard.net

The Department of Energy (DOE) signed two 25-year wind energy service contracts (WESCs) with Mainstream Renewable Power to develop onshore wind projects in Luzon and Visayas with a combined capacity of 440 megawatts (MW).

It said the projects are the 100-MW Santa Ana Cagayan wind farm and the 340-MW Panaon wind site on Panaon Island in Leyte.

“The signing of these onshore wind contracts further accelerate the implementation of the thrust of the Marcos Jr. Administration to develop the country’s indigenous and renewable sources of energy following the lifting of foreign ownership restrictions on renewable energy development,” Energy Secretary Raphael Lotilla said.

“Mainstream will be bringing in financial muscle and technological heft to work with our world-class workers throughout the construction and operational phases of all these projects, which means more employment for our people and livelihood opportunities in these areas,” the energy chief said.

The projects also represent Mainstream’s first wholly-owned onshore wind service contracts in the Philippines and one of the first 100 percent foreign-owned companies to develop the country’s indigenous and renewable energy sources.

Mainstream owns wind and solar assets across global markets, including in Latin America, Africa and Asia-Pacific.

Lotilla and Norwegian Ambassador to the Philippines Christian Lyster witnessed the signing of the contracts on March 7, 2024.

“The awards of these contracts represent an important milestone for Mainstream as we continue to grow our development footprint across the Philippines. We are committed to the Philippine market and well-placed to be part of the country’s energy transition and assist the government in reaching their targets of 35 percent renewable energy by 2030 and 50 percent by 2050,” Mainstream general manager for Asia Pacific Eduardo Karlin said.