In a significant move towards sustainable energy development, Basic Energy Corporation (BEC) has officially joined forces with the Japanese renewable energy firm Renova Inc. to collaboratively develop the 50-megawatt Mabini wind project in Batangas. The partnership was solidified through a Memorandum of Understanding (MoU), as reported by The Business World.
The Department of Energy (DOE) had previously granted the renewable energy service contract for the Mabini wind project to BEC in 2021. Subsequently, Mabini Energy Corp. (MEC), a wholly-owned subsidiary of BEC, earmarked a budget of Php 31 million last year. The funds were allocated for various purposes such as permits, licenses, ancillary activities, and a comprehensive resource assessment campaign.
Renova Inc., with its extensive expertise in wind, biomass, solar, hydropower, and geothermal energy, brings valuable knowledge to the collaboration. This partnership aims to harness the full potential of the Mabini Peninsula for sustainable energy production.
The Mabini wind project spans 4,860 hectares and is strategically located in the Mabini Peninsula. The project is set to operate at its full 50-megawatt capacity by the year 2027, contributing significantly to the renewable energy landscape in the region.
MEC is currently in the process of conducting the WRA, a crucial step in understanding the wind energy potential of the designated area. The confidential agreements with interested entities underscore the growing interest and commitment to advancing renewable energy initiatives in the Philippines.
With this collaborative effort, BEC and Renova Inc. aim to not only meet the country’s increasing energy demands sustainably but also set a precedent for international partnerships focused on driving clean and green energy solutions. The development of the Mabini wind project stands as a testament to the commitment of both companies towards a greener and more sustainable future.
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