GIGAWIND4, INC., an ACEN Corp. unit, is earmarking P34.5 billion for a wind power project in Tayabas, Quezon, with a planned capability of 247 megawatts (MW).
“Within the pursuit of a sustainable and low-carbon future, the proposal for the 247-MW wind farm represents a strategic initiative,” GigaWind4 said in its filing with the Department of Environment and Natural Resources.
“It aligns with the national trajectory towards renewable energy, addresses the need for a diversified and resilient energy mix, and significantly contributes to the Philippines’ transition towards clean energy,” it added.
Covering 10 barangays in the town of Tayabas, the Banahaw Wind Power Project will span 4,536 hectares of land.
The project involves the installation of 38 wind turbine generators with a rated capability of 6.5 MW each.
“The Banahaw Wind Power Project isn’t only a major endeavor in advancing renewable energy, nevertheless it also holds great potential to deal with regional needs and produce about positive socio-economic changes,” the corporate said.
“The project’s advantages to the host municipalities and barangays encompass economic growth, community development, environmental stewardship, and social progress,” it added.
GigaWind4 said the development of the facility project may take about two years, with full operations possibly achieved inside five years.
ACEN, the listed energy platform of the Ayala group, has 7 gigawatts of attributable renewable energy capability across operational, under-construction, and committed projects.
Its portfolio spans the Philippines, Australia, Vietnam, India, Indonesia, Laos, and america. — Sheldeen Joy Talavera