REPOWER Energy Development Corp. (REDC) said Tuesday it had been awarded 500 megawatts of wind energy service contracts by the Department of Energy, allowing the company to further its portfolio of clean energy facilities across the country.

The 25-year onshore and offshore wind contracts will allow the company to build four wind farms in the towns of Real and Mauban in Quezon province.

These include the 100-MW Silang onshore wind farm, which will cover 2,592 hectares of land, the 100-MW Mauban offshore wind farm on 3,888 hectares and the 200-MW Real offshore wind farm on 14,661 hectares of land.

"In addition to the three wind projects above, the company is also pursuing the 100-MW Pandan Labayat onshore wind farm in Quezon, which will cover 2,025 hectares of land," the company said in a disclosure.

The planned wind projects, it continued, are situated within the vicinity of its three operating hydropower plants in the area "where it operates a base for the province." It also operates a large switching station directly connected to the National Grid Corp. of the Philippines grid.

It plans to have its wind turbines shipped by sea and begin construction of its Quezon wind farms later this year, the company said.

"REDC is committed to providing accessible, affordable and sustainable energy to the underserved Filipino communities, and these new wind energy service contracts will allow us to succeed in continuing achieving this goal," REDC President and Chief Executive Officer Eric Peter Roxas said.

"Developing our wind-energy capabilities will complement our core capabilities in operating run-of-river hydropower plants, enabling Repower Energy to continue enjoying its ongoing multiyear growth in revenue and net income," he added.

Repower Energy's shares last traded on March 18 at P6.78 each.

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