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Nabas-2 wind farm

Sector: Road • Location: Philippines

Source: World Bank Group

Project
Active

The project involves the development and construction of the 13.2MW Nabas-2 Wind Power Project (Nabas-2) located in Aklan province, Philippines. Sponsor is PetroWind Energy (PWEI), a JV of PetroGreen Energy Corp., the renewable energy arm of PetroEnergy, EEI Power Corp., and BCPG Public Co. Ltd. The sponsor signed a $33.06 million (PHP1.8 billion) loan agreement with the Development Bank of the Ph

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The project “Nabas-2 wind farm” is an infrastructure initiative in the Road sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the development and construction of the 13.2MW Nabas-2 Wind Power Project (Nabas-2) located in Aklan province, Philippines. Sponsor is PetroWind Energy (PWEI), a JV of PetroGreen Energy Corp., the renewable energy arm of PetroEnergy, EEI Power Corp., and BCPG Public Co. Ltd. The sponsor signed a $33.06 million (PHP1.8 billion) loan agreement with the Development Bank of the Philippines (DBP). The loan with a 15-year tenor, will be utilized for major infrastructure build-up including the supply and installation of wind turbine generators, construction of a temporary jetty, internal access roads, and new substation and switching station. Both parties officially signed the Term Loan Agreement on February 22, 2023. https://petroenergy.com.ph/#!/newsitem/42 https://www.pna.gov.ph/articles/1195896

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