Ayala wind projects get FIT

by Riza T. Olchondra, 17 April 2015
from Philippine Daily Inquirer

MANILA, Philippines–The Ayala group’s two wind power projects have qualified for renewable energy (RE) incentives under the feed-in-tariff (FIT) scheme.

Energy Regulatory Commission (ERC) executive director Francis Saturnino C. Juan said in a text message that the 19-megawatt (MW) Phase 3 of Northwind Power Development Corp. and the 81-MW Caparispisan wind project of Northern Luzon Renewable Energy Corp. have been given FIT certificates of compliance (COCs).

ERC earlier issued regular COCs to Northwind and Caparispisan and converted these to FIT COCs.

Ayala Corp. has a stake in Northwind and implements energy ventures via Ayala Corp. unit AC Energy Holdings Inc. Caparispisan is a joint venture of AC Energy, the Philippines Alliance for Infrastructure and UPC Philippines Wind Holdco.

Northwind completed its 19-MW wind expansion project in Bangui, Ilocos Norte last October, bringing the company’s capacity to 52 MW.

The $220-million, 81-MW Caparispisan wind project has 27 units of wind turbines installed atop a hill in Barangay (village) Caparispisan, Pagudpud town.

AC Energy is the power unit of Ayala Corp., with investments in the development of conventional as well as solar, wind, and minihydro energy sources. The wholly owned energy subsidiary of Ayala Corp. aims to contribute as much as 1,000 MW in capacity to the country’s energy grid over the next five years.

Ilocos Norte is also home to the 150-MW wind power project of Energy Development Corp., a unit of First Gen Corp., in Burgos. EDC has also developed a 4.1-MW solar facility within the wind project area.