From Philstar on Pililla Windfarm Project
From Chinabank
Wind Farm in California
Rizal Philippines | November 27, 2014
By this time you would have noticed the tarp signs announcing the soon to be inaugurated wind farm at Bugarin, Pililla. There are 27 in all. The new roads being built lead to the Wind farm with 67.5 mW capacity
This is the first wind farm to be financed by FIT (Feed in Tariff) and aptly called #PilillaWindfarm Project. It was financed locally with BDO as the lead underwriter for $130 million with a term of 12.5 years. This reflects the local bank's confidence in renewable energy. The project broke ground last June 2012 and expected to be operational late 2014.
It is a joint project of a company founded by Fmr Secy Vincent Perez and Kepco and Meralco PowerGen
The power output from the Pililla Windfarm project is priced at P8.53/kwh
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