December 21, 2014

TA’s completes 54-MW wind project

Trans-Asia Oil and Energy Development Corp (TA) disclosed yesterday its subsidiary Trans-Asia Renewal Energy Corp (TAREC) has completed and commissioned all 27 wind towers of its P6.5b San Lorenzo Wind Farm project in Guimaras, thereby adding 54-MW of new capacity to the Visayas Grid. The wind project has been delivering power as early as 7 October.

According to TA, TAREC is currently the only wind farm under the Renewable Energy Act that is able to deliver 100% of its capacity to the grid without constraints. An application for Certificate of Feed-in-Tariff (COE-FIT) has been filed with the Department of Energy (DOE).

Our take: San Lorenzo is now the fourth completed wind project that have filed an

Based on latest data from the Wholesale Electricity Spot Market (WESM), EDC’s application for COE-FIT with the DOE. Energy Development Corp (EDC’s) 150-MW Burgos wind project is the first wind project to have received the DOE’s endorsement. Another project, Northwind Power Development Corp’s (Northwind) 19-MW wind expansion project in Bangui, Ilocos Norte also secured DOE endorsement last November.

Aside from San Lorenzo, another wind project - North Luzon Renewable Energy Corp’s (NLREC) 81 MW Caparispisan wind farm in Ilocos Norte – is awaiting DOE endorsement. Northwind and NLREC are units of Ayala Corp (AC).

Burgos wind project has been offering power consistently on a daily basis since 27 Nov at an average capacity of 48.6 MW. It achieved its maximum peak load of 150 MW for two hours on 8 Dec. Meanwhile, San Lorenzo has been consistently offering power since 1 Dec at an average of 8.2 MW.

It achieved a peak load of 30.6 MW for an hour on 14 Dec. AC’s Caparispisan project has also been offering power consistently since 9 Nov at an average of 23.7 MW and achieved a peak of 72.7 MW for an hour on 15 Dec. – WealthSec