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Spanish renewables pure-player Acciona Energia (BME:ANE) said on Tuesday that it has been awarded development rights for a 160-MW wind power project in the Philippines.
It said that it has secured the rights together with its local partner, consultancy firm Freya Renewables.
The Philippine department of energy awarded the contract through its fourth Open and Competitive Selection Process (OCSP4) for hydro power, geothermal and wind energy resources. The contract grants the rights to explore, develop and utilise wind resources in a pre-determined area in the municipality of Pantabangan, 150 kilometres (93.2 miles) north of Manila, Acciona Energia said.
The company is present in the Philippines mainly through the actions of its construction-focused parent, Acciona SA (BME:ANA). In the renewables area, Acciona Energia recently signed a memorandum of understanding with the government of the Philippine province of Cebu and Freya Renewables for the development of a 150-MW solar photovoltaic project in the Cebu Island.
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