The Board of Investments approved four renewable energy projects with combined investments of P35.4 billion to address the power requirements of an infrastructure buildup program until 2022. VS Gripal Power Corp. will get government support for its P777-million biomass power plant in Nueva Ecija. The other three are the P4.74-billion wind power project of Currimao Solar Energy Corp. in Camarines Norte; the P14.6-billion Talim wind power project in Rizal; and the P15.3-billion Calatagan wind project in Batangas. Meanwhile, the Talim and Calatagan wind power projects have a capacity of 151.2 MW each. Total capacity of wind projects to date is 427 MW while biomass has 224 MW.

Source: The Standard October 27, 2017 12:00 UTC