Mainstream Renewable Power Secures Wind Energy Contracts in the Philippines

By Editor


Mainstream Renewable Power, a leading global renewable energy company, has inked two Wind Energy Service Contracts (WESCs) with the Department of Energy (DOE) in the Philippines, marking a significant stride in the country’s renewable energy sector. The contracts grant Mainstream exclusive development rights for two onshore wind farms with a combined capacity of 440 MW, positioning the company as one of the first 100 percent foreign-owned entities to secure such contracts in the Philippines.

The projects under the contracts include the 100 MW Santa Ana Cagayan Wind Project situated in the Municipality of Santa Ana, Cagayan Province, and the 340 MW Panaon Wind Project located on Panaon Island in Leyte Province. With early-stage development activities already underway, these projects, located approximately 500 km from Manila, are poised to contribute significantly to the country’s renewable energy goals.

Energy Secretary Raphael P.M. Lotilla expressed satisfaction with the positive response of foreign and local investors to invest in the Philippines’ renewable energy sector, particularly amid the country’s thriving economy. He highlighted Mainstream’s commitment to bringing financial expertise and technological prowess to the table, emphasizing the potential for job creation and economic growth in the project areas.

Eduardo Karlin, Mainstream’s General Manager for APAC, hailed the contract awards as a pivotal moment for the company’s expansion in the Philippines. He affirmed Mainstream’s dedication to supporting the Philippine government’s ambitious renewable energy targets, aiming for 35 percent renewable energy by 2030 and 50 percent by 2040.

Mainstream’s collaboration with the Norwegian Embassy in the Philippines, facilitated by its majority shareholder Aker Horizons, underscores international support for the country’s renewable energy transition. Norwegian Ambassador to the Philippines Christian Halaas Lyster lauded Mainstream’s participation in the DOE’s renewable energy initiatives, reaffirming Norway’s commitment to assisting the Philippines in its shift towards sustainable energy sources.

Having been active in the Philippines since 2017, Mainstream, in partnership with Aboitiz Power Corporation through its subsidiary Aboitiz Renewables Inc., is gearing up to commence construction on the 58.5 MW Camarines Sur wind farm in 2024. Securing an offtake contract through the Green Energy Auction Programme in 2023, this project marks another milestone in Mainstream’s contribution to the country’s renewable energy landscape. Looking ahead, Mainstream aims to further expand its portfolio in the Philippines through future service contracts, solidifying its position as a key player in the nation’s renewable energy transition.

Latest News