Japan’s Kanematsu Wins Order to Build Wind Farm in Philippines

October 3, 2013 by  
Filed under Green Energy News

Kanematsu Corp. (8020), a Japanese trading
company, won an order to build a 54-megawatt wind power station
and lay underwater cables for power transmission in the

The order, worth more than 10 billion yen ($102 million),
was awarded by Trans-Asia Renewable Energy Corp., a unit of
Trans-Asia Oil Energy Development Corp. (EDC), Tokyo-based Kanematsu
said in a statement today.

A long-term expansion of renewable energy is expected in
the Philippines after the country introduced an incentive
program for clean energy, known as feed-in tariffs, in July
2012, Kanematsu said. The project will be completed at the end
of 2014 and will be financed through syndicated loans, it said.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at

To contact the editor responsible for this story:
Reed Landberg at

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