Mainstream Renewable Power will develop two onshore wind farms with a combined capacity of 440MW in the Philippines.
The company signed the wind energy service contracts (WESCs) with the country’s Department of Energy to secure development rights for the projects.
The contracts provide Mainstream with exclusive development rights for the 100MW Santa Ana Cagayan Wind Project located in the Municipality of Santa Ana, Cagayan Province and the 340MW Panaon Wind Project located on Panaon Island in the Leyte Province.
The projects, which have already commenced early-stage development activities, are approximately 500km from the capital city, Manila.
The contracts represent Mainstream’s first fully-owned WESCs in the Philippines and it is one of the first 100% foreign-owned companies to secure the contracts.
Mainstream’s general manager for APAC Eduardo Karlin said: “The award of these contracts represents an important milestone for Mainstream as we continue to grow our development footprint across the Philippines.
“We are committed to the Philippine market and are well-placed to be part of the country’s energy transition and assist the government in reaching their targets of 35% renewable energy by 2030 and 50% by 2040.”
Energy Secretary Raphael Lotilla said: "With the Philippine economy now thriving, marked by good growth and optimistic forecasts, we are pleased with the positive response of foreign and local investors to pour in capital in our country's renewable energy sources.
“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.”
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