Repower Energy Bags 500MW Wind Contracts From DOE

Repower Energy Development Corporation (REDC), a renewable energy developer specializing in run-of-river hydropower projects, has been granted 500 megawatts (500 MW) of Wind Energy Service Contracts by the Department of Energy (DOE).

The projects identified by the company include the 100 MW Silang Onshore Wind Farm, the 100 MW Mauban Offshore Wind Farm, and the 200 MW Real Offshore Wind Farm.

REDC disclosed to the Philippine Stock Exchange (PSE) that the onshore and offshore wind contracts awarded by the DOE are all valid for 25 years, enabling the company to construct wind farms in the towns of Real and Mauban in Quezon Province.

The projects identified by the company include the 100 MW Silang Onshore Wind Farm, covering 2,592 hectares of land; the 100 MW Mauban Offshore Wind Farm, spanning 3,888 hectares; and the 200 MW Real Offshore Wind Farm, with 14,661 hectares of land.

Additionally, the company is pursuing the 100 MW Pandan Labayat Onshore Wind Farm, also in Quezon province, covering 2,025 hectares of land.

REDC emphasized that these projects are located near the company's three operating hydropower plants in the area, serving as a base for the province. It also operates a large switching station directly connected to the NGCP grid.

The company noted that adjacent to REDC’s property is a jetty port currently under construction by one of the leading conglomerates. The conglomerate plans to ship its wind turbines via sea and commence wind farm construction in Quezon later this year.

Eric Peter Y. Roxas, President and CEO of REDC, stated, “REDC is committed to providing accessible, affordable, and sustainable energy to underserved Filipino communities, and these new Wind Energy Service Contracts will enable us to continue achieving this goal.”

“Developing our wind-energy capabilities will complement our core capabilities in operating run-of-the-river hydropower plants, allowing REDC to continue enjoying its ongoing multi-year growth in revenue and net income,” he added.

REDC is a wholly-owned subsidiary of Pure Energy Holdings Corporation, an investment holding company primarily engaged in renewable energy generation and water system management and distribution.

The company currently owns and operates hydropower plants in Laguna, Quezon, and Camarines Sur, with ongoing construction projects in Quezon and Bukidnon.

WEEKLY FEATURE : Jose Mari Chan And The Christmas Anthem