PetroEnergy Resources Corp.'s PetroWind, in Partnership with DOE and NGCP, Adds New Power Supply to Panay

PetroWind Energy Inc. (PWEI), the DOE's service contractor for the Nabas wind power project in Aklan, began exporting power from its Phase-2 expansion on April 4, 2024, after receiving approvals from the Independent Energy Market Operator of the Philippines (IEMOP) and the National Grid Corporation of the Philippines (NGCP).

“We are pleased with the start of the commissioning of the Nabas wind power project Phase 2 as it delivers much needed power to the Panay sub-grid. This is the newest power station added to the system since the January 2, 2024 grid blackout and we congratulate PWEI for this milestone. This commissioning testifies to the efforts of our private sector partners, working with the administration, to boost the country’s clean and renewable energy capacity in sustaining long-term economic growth particularly in northern Panay and Boracay,” declared DOE Secretary Raphael P.M. Lotilla.
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The commissioning came after IEMOP and NGCP approved the project's WESM registration as a generation facility and energization for power injection on April 3, 2024, and April 4, respectively. The first three 2.2 MW Vestas wind turbine generators provided the initial power export to the grid.

“We anticipate that this commissioning will eventually lead to the successful commercial operation of our Phase 2 expansion as the second wind power unit of PWEI and the sixth RE generating plant of PetroGreen Energy Corporation (PGEC). In supplying much needed electricity to Panay communities, we also look forward to the revenue stream from this investment. We are very grateful for the support not only of the DOE and its attached agencies NGCP, IEMOP, and ERC, but also that of our lender the Development Bank of the Philippines (DBP),” added F.G. Delfin Jr. President & CEO of PGEC. In February 2023, state-owned DBP provided a PhP 1.8 Billion loan to PWEI to partially fund the development and construction of the project.

PGEC and publicly traded PetroEnergy Resources Corporation, both members of the Yuchengco Group of Companies (YGC), own 60% of PWEI, while BCPG Wind Cooperatief U.A., a subsidiary of Thailand's BCPG Public Company Ltd., owns the other 40%.