ACEN, through its subsidiary Amihan Renewable Energy Corp. (Capa Wind), signed an agreement with Siemens Gamesa Renewable Energy Technology (SGRE) to supply and install wind turbines for its 70-megawatt wind project in Caparispisan, Pagudpud, Ilocos Norte.
Siemens will put up 14 wind turbines with five megawatts of capacity each for the Capa Wind project.
The P6 billion wind project can produce over 220 GWh of renewable energy per year and eliminate over 130,000 tons of CO2 emissions annually.
The Capa wind project will help deliver ACEN’s supply commitments secured under the first round of the Department of Energy’s Green Energy Auction Program held in June.
This is ACEN’s support for the Philippine government’s aim to increase the country’s renewable energy share to 35 percent by 2030 and 50 percent by 2040.
Capa Wind project provided the lowest winning bid for wind renewable energy supply at a flat rate of ₱3.8583 per kilowatt-hour for 20 years.
The project is targeted for completion by 2024 and will generate and supply clean power to more than 60,000 homes per year and provide over 300 local jobs during its construction stage.
Capa Wind is a wholly owned subsidiary of North Luzon Renewables, a joint venture between ACEN and Diamond Generating Asia, Limited.
This latest addition to ACEN’s wind projects brings 363 MW of total generation capacity in Ilocos Norte, together with the 81 MW North Luzon Renewables, the 52 MW NorthWind and the 160 MW Pagudpud Wind.