Siemens Energy has received an order for the Caparispisan project in Pagudpud, Illocos Norte, Philippines. The customers are Northern Luzon UPC Asia Corporation, AC Energy Holdings and Philippine Investment Alliance for Infrastructure comprised of Government Service Insurance System, APG and Macquarie Infrastructure Holdings (Philippines). The scope of supply includes the delivery and installation of 27 direct drive wind turbines of the type SWT-3.0-101, with an output of 3 MW and a rotor diameter of 101 meters. The deal also includes a five-year-service agreement. The project will be developed in phases, with the first phase totalling 54 MW. Installation and commissioning of the first wind turbines (phase I) is scheduled for June 2014.
The project has received a US$85m loan from the Philippine Investment Alliance for Infrastructure (US$625m private equity fund, partially financed by the Asian Development Bank). PINAI is managed by Macquarie Infrastructure and Real Assets and is jointly financed by ADB, Philippines' state-owned pension fund Government Service Insurance System, Dutch pension fund asset manager APG, and the Macquarie Group.
Wind power in the Philippines takes a small percentage of the total energy output and has significant potential capacity to be installed. According to statistics from the Global Wind Energy Council, the Philippines, being one of the important emerging wind markets in Asia, had by the end of 2011 a cumulative installed wind capacity of 33 MW and is expected to install in excess of 500 MW by 2020.
Searching for proven generation costs?
Then CAPEX & LCOE is the database you need. The module provides exclusive insights on both Capital Expenditure and Levelised Cost of Electricity.
Make informed decisions in terms of which technologies to invest in and where. In just a few clicks, access unique, premium data on both thermal and renewable power generation costs by technology and by country. Put our detailed, reliable information to use and benchmark your project.