Trans-Asia Oil and Energy Development Corporation (Trans-Asia) intends to build a wind farm in Guimaras Island identified by the Department of Energy as one of 12 sites across the country with high potential for renewable energy source. The feasibility study of the company's entry into renewable energy will take six months to complete. Trans-Asia Renewable Energy Corp., a subsidiary of Trans-Asia, will be asked to construct the wind farm, if the study report is positive.
Trans-Asia Oil President and Chief Executive Officer Francisco Viray earlier said that Trans-Asia is looking at a 10-megawatt (MW) to 20 MW wind power facility at an estimated cost of about $2 million per megawatt in Guimaras, after its initial wind assessment showed encouraging results.
We will be doing the feasibility studies soon. We will start this year, Viray, said.
Twenty megawatts will be the maximum capacity and then we will run it as a hybrid with our diesel power plant. Right now we’re measuring wind in one of the five towns in Guimaras, specifically San Lorenzo, Viray, added.
Trans-Asia has an existing 3.4 MW diesel-fired power plant in Jordan, Guimaras.
The company is also looking at other indigenous renewable energy projects, including biofuels production.