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Deal #10312 Version #92879

Philippines

Created at

2024-05-08

Last update

2024-05-09

Land area

Size under contract (leased or purchased area)

[2009-09-14, current] 2025 ha

Intention of investment

[2009-09-14, current] Wind farm (2025 ha)
[2024-03-08, current] Tourism

Comment on intention of investment

49.2 MW Wind Farm; in 2024, it was opened as an ecotourism center with a viewing deck and center

Carbon offset project

Comment on carbon offset project

The Nabas wind project, composed of 18 turbines, is expected to contribute to grid stability in the Visayas, while helping avoid 56,773 metric tons of carbon dioxide emissions annually.

Nature of the deal

Lease

Negotiation status

[2009-09-14, current] Concluded (Contract signed)

Comment on negotiation status

Awarded with Wind Energy Service Contract (WESC No. 2009-09-002) on 14 Sept 2009

Implementation status

[2015-06] In operation (production)
[2014-03-31] Startup phase (no production)
[2023-11-21] Startup phase (no production)
[2024-04-04, current] In operation (production)

Comment on implementation status

Phase 1 was commissioned in June 2015, with construction begining in March 2014 Phase 2 construction was reported starting in 2023, and was commissioned in April 2024