Defining the News
Alternergy Holdings Corp. said Tuesday unit Alternergy Tanay Wind Corp. signed a long term lease agreement with the Rizal provincial government for the site of its 100-megawatt Tanay wind power project.
The company 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. The Rizal province signed a lease in September 2012 for one of its properties to Alternergy’s Pililla wind farm. Arriola said the lease is a landmark agreement covering 44 hectares over a 25-year period. It entitles rental income for the province for the use of the land and share in the revenue from energy generation.
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