ACEN Corp. said Tuesday its board approved a plan to put up a wind power project with about 335 megawatts (MW) of power generating capacity. The power arm of conglomerate Ayala Corp. said in a disclosure that the board approved the company’s investment in a 335-MW onshore wind power project…
ACEN Corp. said Tuesday its board approved a plan to put up a wind power project with about 335 megawatts of power generating capacity.
Giga Ace 6 was one of the bidders in the second round of Green Energy Auction , which generated a total of 3,440.756 megawatts of renewable energy capacities. The winners from the GEA-2 secured a 20-year power supply agreement with the government, and they will be paid according to actual energy generated in accordance with the Wholesale Electricity Spot Market rules.
The GEA program was designed to continuously trigger the increase of RE capacity in the country, which will help realize the government’s target of 35 percent RE in the energy mix by 2030 and 50 percent by 2040.
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