Coro Energy to embark on 100-MW wind project in the Philippines

Coro Energy Plc (LON:CORO), the UK-based and southeast Asia-focused energy company, said today it has received approval from the Philippines’ government for the proposed location of a 100-MW wind project in the island country.

The Department of Energy has endorsed the company’s Area of Interest (AOI) for what will be Coro’s first wind project in the Philippines. With the AOI in place, the developer is authorised to proceed with the submission of a wind energy service contract application, it said in a bourse filing.

Dubbed Oslob, the scheme envisages the installation of wind turbines in an area covering 4,617 ha (11,409 acres) in the municipality of Oslob, Cebu province.

Coro Energy will now enter the formal permitting process and install a met mast to gather wind data at the selected site. The company expects to lodge its energy service contract application with the Department of Energy before the end of November.

Coro Energy’s website shows that the company has a pipeline of early-stage projects in the Philippines totalling 2.3 GW, spread across 10 wind and 11 photovoltaic (PV) schemes. It additionally has a 1.2-GW wind and solar pipeline in Vietnam and 150 MW of solar projects in Indonesia.

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