PetroWind lists Aklan wind project phase 2 on WESM
The Yuchengco Group’s PetroWind Energy Inc. (PWEI) is close to jump-starting commercial operations of the second phase of its wind power project in Aklan province after securing the necessary approvals.In a statement, PWEI said the Independent Energy Market Operator of the Philippines (Iemop) had approved the registration of the 13.2-megawatt (MW) Nabas-2 wind power project with the Wholesale Energy Spot Market (WESM).
PWEI—a joint venture among PetroGreen Energy Corp. (PGEC), its parent PetroEnergy Resources Corp. and Thailand’s BCPG Public Co. Ltd—is the proponent of the wind project.
“This WESM registration approval authorizes phase 2 as an additional facility of PWEI,” PGEC assistant vice president for power markets Dave Gadiano said. “We are excited and look forward to the eventual commercial operation of Phase 2.”WESM is the central marketplace for trading electricity as a commodity. This is where power generators can sell their excess energy not covered by any supply agreement and from where power distributors can purchase additional capacity to augment their primary supply.
The first phase of the wind facility, with a capacity of 36 MW, started operating in 2015.
The Nabas-2 wind project is the sole wind facility in the Visayas grid that secured a 20-year contract to supply energy under the first Green Energy Auction Program of the Department of Energy held in June 2022.Gadiano said the inclusion of the project at WESM had come following the successful testing by the Energy Regulatory Commission of metering equipment at the facility and further testing by the National Grid Corp. of the Philippines this month. INQ
