MANILA – Basic Energy Corp said on Friday the Department of Energy approved its Wind Energy Service Contract (WESC) for its Balayan Nearshore Wind Power Project.
The new WESC was approved just weeks after the DOE approved the contract for its Panay Onshore Wind Power Project, Basic Energy said in a disclosure to the stock exchange.
The offshore area is located about 1 kilometers east of the Calatagan peninsula in Batangas.
“Under the said service contract, the Company is appointed and constituted by the DOE to have an exclusive right to explore, develop and utilize the wind energy sources with the 2,835 hectares contracted area,” the company said.
source: https://news.abs-cbn.com/business/07/21/23/basic-energy-corp-says-to-add-nearshore-wind-project-in-balayan
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