The Asian Development Bank has said that they are providing $200,000 to fund the feasibility study of Energy Logic’s wind farm project in Pasuquin East, Ilocos Norte. The feasibility study will cover wind farm layout based on 120 MW installed capacity, construction phases, site boundaries and other parameters.
The calculation of standard wind farm energy production, optimize wind farm grid based on technical data analysis; calculation wind farm construction and development costs, analyze technical risks, sensitivity analysis; and conduct preliminary environmental and social impact assessments, including public consultations with affected persons.
Technical Assistance will be provided for:
The detailed design of the wind monitoring program, specify, procure and commission wind station monitoring equipment; monitor, collect, and analyze wind data, ensuring quality control of the reference station and calculate standard wind year at the monitoring site.
According to the ADB, it will also enable Energy Logics to select and specify wind turbine generator sets based on capacity, cost per kilowatt installed, operations and maintenance costs.
Based from an earlier report, the Energy Logic’s wind farm was supposed to be for a 40-60 MW wind farm.
ADB is actively pursuing Green Energy Projects in the region despite the Carbon Credit Framework of the Kyoto Protocol expiring by 2012. They have recently announced their Future Carbon Fund to finance renewable energy projects in Asia. Not sure however how this fits in with their announcement of a $1B Clean Energy Fund or if it’s the same thing.
[source]
Category: Misc, Wind, Green Financing
