Mainstream Renewable Power, the global pure-play renewable energy company, has signed two wind energy service contracts (WESCs) with the Department of Energy (DOE) in the Philippines for the development rights for two onshore wind farms with a combined capacity of 440 MW. As per the statement, the contracts represent Mainstream’s first fully-owned WESCs in the Philippines and it is one of the first 100 per cent foreign-owned companies to secure the contracts.
The contracts provide Mainstream with exclusive development rights for two onshore wind projects; the 100 MW Santa Ana Cagayan Wind Project located in the Municipality of Santa Ana, Cagayan Province and the 340 MW Panaon Wind Project located on Panaon Island in Leyte Province. The projects, which have already commenced early-stage development activities, are approximately 500 km from the capital city, Manila.
Mainstream has been operational in the Philippines since 2017. Together with its joint venture partner, Aboitiz Power Corporation, via its subsidiary Aboitiz Renewables Inc., it plans to start construction on the 58.5 MW Camarines Sur wind farm in 2024. The project has secured an offtake contract through the Green Energy Auction Programme in 2023. Mainstream will continue to expand its portfolio in the Philippines through future service contracts.
