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Transactions - AUGUST 11, 2022

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Siemens Gamesa signs wind turbine deal in the Philippines

by Kali Persall

Siemens Gamesa has forged a new deal with Southeast Asian renewables developer ACEN to supply 14 units of turbines in the Philippines, following the country’s first round of renewable energy auctions.

The awarded 70-megawatt Capa wind farm, located in Caparispisan, Ilocos Norte province, is expected to be completed and start operations by first quarter 2024. Siemens Gamesa also secured a contract to provide five years of operation and maintenance services for the wind project.

The order follows last year’s signing of the country’s largest wind project with the same customer for the 160-megawatt Pagudpud wind farm in Balaoi and Caunayan. The Philippines’ wind industry reemerged in 2021 after being suspended for several years.

In June, the Philippines concluded the first round of auctions for 2,000 megawatts of various renewables projects in an effort to develop indigenous and clean energy sources at competitive prices and attract investments to the renewa

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