2015 Annual Report

Business Review

Operational Highlights

  • The Burgos Wind Project received its Certificate of Compliance (CoC) from the ERC in April 2015, entitling it to the Feed-in Tariff (FiT) rate of PHP8.53 per kilowatt-hour (kWh) for 20 years until 2034. It is the largest wind energy project in the Philippines
  • Following the curtailment of Burgos Wind’s capacity due to transmission line constraints, the project now enjoys the dispatch of its full capacity after the completion of the San Esteban transmission line in September 2015
  • In 2015, EDC opportunistically used the spare parcels of land at the Burgos site in Ilocos Norte to install and operate the 4.16-MW Burgos Solar Project, which was completed in March 2015. The Burgos Solar Project received its CoC in April 2015 and is entitled to collect a FiT rate of PHP9.68/kWh for 20 years until 2035
  • In January 2016, the completion of the Burgos Solar Project Phase 2 expanded the capacity by 2.66 MW, bringing EDC’s total solar capacity to 6.8 MW. Burgos Solar Phase 2 is covered by the expanded installation target for solar projects availing the FiT. The Project, after having received its CoC in March 2016, is entitled to collect a FiT rate of PHP8.69/kWh for 20 years until 2036.

 

Business Developments

As of March 16, 2016, EDC has 11 wind energy service contracts, 10 of which are undergoing feasibility studies while one is operational. Moreover, EDC has five solar energy service contracts, four of which are undergoing feasibility studies while one is operational.

Pages: 1 2 3 4

Operational Highlights

  • The Burgos Wind Project received its Certificate of Compliance (CoC) from the ERC in April 2015, entitling it to the Feed-in Tariff (FiT) rate of PHP8.53 per kilowatt-hour (kWh) for 20 years until 2034. It is the largest wind energy project in the Philippines
  • Following the curtailment of Burgos Wind’s capacity due to transmission line constraints, the project now enjoys the dispatch of its full capacity after the completion of the San Esteban transmission line in September 2015
  • In 2015, EDC opportunistically used the spare parcels of land at the Burgos site in Ilocos Norte to install and operate the 4.16-MW Burgos Solar Project, which was completed in March 2015. The Burgos Solar Project received its CoC in April 2015 and is entitled to collect a FiT rate of PHP9.68/kWh for 20 years until 2035
  • In January 2016, the completion of the Burgos Solar Project Phase 2 expanded the capacity by 2.66 MW, bringing EDC’s total solar capacity to 6.8 MW. Burgos Solar Phase 2 is covered by the expanded installation target for solar projects availing the FiT. The Project, after having received its CoC in March 2016, is entitled to collect a FiT rate of PHP8.69/kWh for 20 years until 2036.

 

Business Developments

As of March 16, 2016, EDC has 11 wind energy service contracts, 10 of which are undergoing feasibility studies while one is operational. Moreover, EDC has five solar energy service contracts, four of which are undergoing feasibility studies while one is operational.

Pages: 1 2 3 4