TRANS-ASIA Renewable Energy Corp (TAREC) has started supplying power to Panay Island from out of its new 54 megawatt (MW) wind energy project in the island of Guimaras.
Danilo Panes, TAREC’s vice president said the Project supplies power to Panay via a new 2.8 kilometersubmarine cable connection from Guimaras.
The wind farm consists of 27 wind turbines each with 2 MW of generation capacity installed over a 14 sq. km. area located in San Lorenzo, in the nearby island of Guimaras.
“We are very pleased with the outcome of the project. The wind in the area is better than expected,” said Panes.
Since TAREC began operations, Panes said they were able to supply Panay a peak of 52 MW or 96 percent of their rated capacity.
Panes said the new power the Project supplies to Panay reduces its reliance on power from Negros, frees up transformer capacity, and increases the reliability of its connection to the Visayas grid.
This in turn frees up Panay’s interconnection capacity with the Visayas grid for future growth.
“This was made possible since we already earlier took it upon ourselves to upgrade and install a new submarine cable from Guimaras which enabled incremental transmission capacity for our Project to Panay,” he added.
For the month December 2014, the project generated 9.163 gigawatt hours which was supplied via the Visayas wholesale electricity spot market (WESM) to Panay.
Under the Renewable Energy Act of 2008, which promotes the use of renewable energy, wind energy producers are given priority dispatch under the WESM system to supply their energy output to the grid.
The Renewable Energy Act also provides for a Feed In Tariff (FIT) rate of P8.53 per kilowatt hour for an initial 200 MW allocation of new wind generation capacity.
Trans Asia Renewable Energy Corporation is a wholly owned subsidiary of the Philippine Stock Exchange (PSE) listed firm Trans Asia Oil & Energy Development Corporation (TA).