Basic Energy, Japan’s Renova firm up collab for P4.5-B wind project

MANILA, Philippines — Basic Energy Corp. firmed up its partnership with Japan’s Renova Inc. through joint development and shareholder’s pact related to the Mabini wind project, estimated to cost P4.5 billion. The agreement “heralds a major advance in the development of the Mabini Wind Power Project,” according to Basic Energy. The company said Tokyo-based Renova, which has numerous power projects both in Japan and other countries, has committed to work with them on a 50:50 equity basis in Mabini Energy Corp (MEC)., the special purpose vehicle for the wind facility. MEC is the project proponent of the Mabini wind project […]…

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