Danish Cowi affirms technical viability of PetroEnergy's wind project in Philippines

Nov 25, 2011 - Philippine-based conventional and green energy firm PetroEnergy Resources Corporation (PSE:PERC), or PERC, yesterday said Danish engineering firm Cowi Inc had confirmed the technical viability of its planned 50 MW wind farm in the Philippines.

Cowi, which is a consultant to the project, carried out initial micrositing study and annual energy production estimate on the proposed wind farm in Nabas in the province of Aklan.

PetroEnergy is initiating a detailed geodetic survey for civil works and construction planning needs. An environmental impact study on the project has been completed and will be filed with the Department of Environment and Natural Resource to obtain an environmental compliance certificate. The company plans to commission the wind farm by the middle of 2014.

PetroEnergy also said its decision to assign the wind energy service contract for the Nabas site to its renewable energy unit PetroGreen had been cleared by the Department of Energy. The department has also okayed a one-year extension of the pre-development stage of the contract enabling the company to provide technical feasibility studies until September 13, 2012.

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