Coro Energy Private Limited has been granted the right to develop a 100 MW onshore wind farm project in the Philippines.
The application for the wind energy service contract (WESC) it sought for the Oslob scheme had been approved by the Philippine Department of Energy. Department of Energy has awarded the passes for legal, technical and financial evaluations on its proposed wind power project for commercial purposes. The contract has a 25-year term, with the possibility of a one-time expansion for another 25 years. The project will be developed in two phases: a pre-development stage of a maximum of three years, and the development/commercial stage, which covers the remaining years of the WESC.
