Deal #10312

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

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

Nature of the deal
Lease

Negotiation status

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

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

Contract farming

Contract farming
No