TAREC inaugurates 54mw wind farm
A SUBSIDIARY of listed Trans-Asia Oil and Energy Development Corp. has formally inaugurated a 54-megawatt (MW) wind farm in Guimaras Island.
Trans-Asia Renewable Energy Corp. (TAREC) said in a statement over the weekend that it held a dedication ceremony for the San Lorenzo wind farm, marking the plant’s third month of commercial operations.
The ceremony last Friday also served as the official introduction of the renewable energy facility to local stakeholders.
The San Lorenzo wind farm started delivering power to the Visayas grid in October 2014 and formally commenced operations on Dec. 27 last year.
TAREC said this project was a “game-changer” in the province of Guimaras as it sparked tourism and development in the island.
“Now that the wind farm is completed, it is beginning to become an attraction to locals, evident by the 50% increase in incoming tourists to the island as compared to last year, according to the local tourism office,” TAREC said in its statement.
The San Lorenzo wind farm also serves as Trans-Asia’s second investment in Guimaras, the first one being the 3.4-MW diesel plant which provides power to the sole electric cooperative in the island.
“Moving forward, we are planning to sustain the interest in our facility by helping design a tourism roadmap for the island,” Danilo L. Panes, Trans-Asia assistant vice-president for wind energy development, said in the statement.
“TAREC, together with the local government of Guimaras and San Lorenzo, is hoping that the wind farm will be a catalyst for change in the province,” he added.
The San Lorenzo Wind Farm consists of 27 wind turbines, each generating 2-MW of power and spanning 14 kilometers across four barangays in San Lorenzo.
Trans-Asia also owns and operates a 21-MW diesel plant in La Union through its wholly-owned subsidiary CIP II Power Corp.
The company holds a 25% stake in Maibarara Geothermal, Inc., which owns and operates 20-MW geothermal power plant in Sto. Tomas, Batangas.
Other power generation projects are also in various stages of development.
Through 50%-owned South Luzon Thermal Energy Corp., the company is also building a coal-fired power plant, involving two 135-MW units, in Calaca, Batangas.
The first unit is scheduled to be operational this year, while the second unit is targeted to go online in 2016.
The company is also pursuing hydropower projects in Rizal and Isabela, which have potential capacity of 300 MW and 10 MW, respectively.