'(The project) will effectively make the province as Windmill Capital of the Philippines ... already assured of hefty revenues from the rental of its 44-hectare property in Tanay town for the next 25 years.'
THE second richest province in the Philippines is working its way to becoming the country’s windmill capital by sealing an agreement with a pioneer in the renewable energy industry for the construction of an additional windmill power project.
According to Alternergy Holdings Corp., its unit Alternergy Tanay Wind Corp. (ATWC) has already sealed a long-term lease agreement with the Rizal provincial government for the site of its 100-megawatt Tanay wind power project.
“The signing of our lease agreement with the Rizal provincial government is a positive development for our Tanay wind power project. This will allow us to proceed with the construction of the project by 2024,” Alternergy chairman Vicente Perez Jr. said in a statement.
Under the agreement, Alternergy is putting up the Tanay wind project on hilly properties owned by the provincial government at elevations of 300 to 600 meters above sea level.
Biggest in the Country
Rizal Governor Nina Ricci Ynares, in a statement, expressed optimism on the project which according to her will effectively make the province as Windmill Capital of the Philippines with what she claimed would be an expansion of an existing facility that was built over a decade ago.
“We are delighted to once again partner with Alternergy and deepen the ties built when Alternergy’s Pililla Wind Farm was constructed in 2015 to establish the Rizal province as the new capital for wind projects in the country,” Ynares said.
The Rizal province signed a lease in September 2012 for one of its properties to Alternergy’s Pililla wind farm.
“Negotiations for the long-term lease under a competitive process were suspended during the COVID-19 pandemic. With the signing of this lease, we are excited to help bring more renewable energy and tourism to the province of Rizal,” said Alternergy vice president and legal counsel Ina Arriola.
Sure Revenue for Rizal
With the long-term lease agreement now a done deal, the provincial government is already assured of hefty revenues from the rental of its 44-hectare property in Tanay town for the next 25 years.
On top of the rental fees, a stipulation in the lease agreement also entitled Rizal province to a hefty share in the revenue from energy generation from the existing Pililla Wind Farm which has 27 fully operational power-generating windmills and that of the soon-to-be-constructed Tanay Windmill Project.
To date, the Pililla Wind Farm has also become a top tourist attraction in the province which also hosts other renewable energy projects embarking on two solar farms in the town of Baras and another at the Talim Island in the Laguna de Bay.
Alternergy said its board approved the reallocation of the initial public offering proceeds intended for its offshore wind and hydro projects to advance the development of the Tanay wind project and Alabat wind project in Quezon.
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