Basic Energy Corp. will proceed to expand its renewable energy portfolio following the award of a wind energy service contract from the Department of Energy .
The proposed project is an onshore wind power plant located in San Joaquin and Miag-ao, Iloilo and Hamtic Antique with a total land area of interest of approximately 13,932 hectares covering 172 RE blocks. The said plant is expected to generate a capacity of at least 150-175 megawatts based on the preliminary study done by an independent party.
In October last year, Basic Energy formed a new RE unit—Basic Renewables Energy Corp.—which will handle the e-charging/solarization project. It has also earlier teamed up with French-multinational oil company Total and independent players such as EcoOil and Filpride-USA88 for its initial solarization and e-transport project.
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