Business and Economy
PetroEnergy’s wind unit hits milestone generation level
Publicly-listed PetroEnergy Resources Corp. (PERC) said on Tuesday the 36-megawatt wind farm in Nabas, Aklan of PetroWind Energy Inc. (PWEI) reached its 250 Gigawatthour (GWh) generation mark during the first week of January 2018. (Pixabay photo)
MANILA — Publicly-listed PetroEnergy Resources Corp. (PERC) said on Tuesday the 36-megawatt wind farm in Nabas, Aklan of PetroWind Energy Inc. (PWEI) reached its 250 Gigawatthour (GWh) generation mark during the first week of January 2018.
The milestone was achieved two years and seven months from the start of the facility’s commercial operations in June 2015.
PWEI President Milagros Reyes said the generation milestone validated the company’s decision in selecting Nabas for its first wind project.
“We are banking on this significant wind resource, reliable generation, and local support to expand our existing Nabas wind facility in the near future,” she said.
PWEI is a joint venture of PetroGreen Energy Corp. (PGEC) holding 40 percent, BCPG Public Company Limited of Thailand (40 percent), and EEI Power Corp. (20 percent).
PGEC is the 90 percent-owned subsidiary and the renewable energy holding company of PERC.
“PWEI has been consistently achieving its target generation over the past two years. Despite seasonal variations, the consistently good wind trends over our facility have enabled us to record above average capacity factors,” said PGEC Energy Trading Head Dave Gadiano.
