Ayala wind farms secure COC for FIT

by Myrna Velasco, 18 April 2015
from Manila Bulletin

It has been the turn of the Ayala-led wind farm investments to be granted certificates of compliance (COC) to firm up their availment of feed-in-tariff (FIT) incentives.

The company’s wind power projects that were endorsed for FIT had been the 19-megawatt expansion of the Northwind Power Development Corporation and the 81MW Caparispisan project under North Luzon Renewable Energy Corporation.

For the Northwind facility, its FIT incentives coverage shall be from October 10, 2014 to October 9, 2034.

The Caparispisan wind farm project, on the other hand, shall be FIT-incentivized from November 11, 2014 to November 10, 2034.

The FIT rate for wind technology has been set at P8.53 per kilowatt hour (kWh) based on the ruling previously issued by the Energy Regulatory Commission.

The Northwind plant expansion and the Caparispisan facility were among the three wind projects that were granted with certificates of endorsement (COE) by the Department of Energy (DOE) for FIT availments.

“In 2014, the DOE issued a certificate of endorsement for FIT for both wind farm projects after these were commissioned and started commercial operations,” Ayala Corporation has noted in a press statement.

The company has emphasized that “Northwind’s 19MW expansion was completed last October 2014 and has since been delivering power to the grid.” It was an addition to its original installed capacity of 33MW.

For the Caparispisan wind farm development, the completion was November and it was also held as a reckoning date for its FIT availments.
Read more at http://www.mb.com.ph/ayala-wind-farms-secure-coc-for-fit/#gSRDGjHmOZ3B20l5.99

According to AC Energy president and chief executive officer Eric T. Francia, the company has been gearing up “to further expand our renewable energy portfolio and help increase the share of renewables in the country’s energy mix.”

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