Basic Energy Corp. is adding another wind power project to its pipeline of renewable energy projects after securing a wind energy service contract (WESC) from the Department of Energy (DOE) for an nearshore project located in Pasuquin, Ilocos Norte.
In a disclosure to the Philippine Stock Exchange yesterday, Basic Energy said the WESC has an effective date of Sept. 15, 2023 and grants the company with an exclusive right to explore, develop and utilize the wind energy resources in the 5,502.54 hectares contracted area.
Basic Energy said it will now initiate the deployment of its resources for the wind resource assessment campaign to validate wind regime in the area as the project is seen able to generate and to deliver power ranging from 90 to 112 megawatts (MW), based on a four-model simulation done by a foreign third-party consultant. -Jed Macapagal
