25 Jun 2016

Philippines wind farm support to be provided by Modern Energy Management

PetroWind Energy Inc. (PWEI), a Philippines wind farm IPP has appointed Singapore-based Modern Energy Management to provide operations and asset management support services to its 36MW Nabas wind farm in Aklan province, Philippines. The project consists of 18 Gamesa G90 – 2.0MW wind turbines.

The Nabas wind farm, which achieved commercial operations in 2015, is the first renewable energy plant in Aklan province, Philippines. “The Nabas wind farm is the single biggest investment in Aklan province to date” reported Mr. Francisco Delfin Jr, Executive Vice President for Operations of PWEI. “To support our commitment to clean energy, Modern Energy Management was a clear choice. Their experience and expertise in wind farm operations is unparalleled. But what set them apart was their willingness to partner with our team in delivery of their services.”

Lars Lund, Director of Modern Energy Management stated, “we are very proud to participate in the continuing success of PWEI’s Nabas wind project. Partnering with PWEI is a good fit for us. We have a strong track record of delivering positive results to investors of renewable energy projects, particularly in emerging markets.”

Modern Energy Management’s scope of work will consist of wind farm (wind turbine and balance of plant) inspections, training of the PWEI operations and asset management team, and energy yield optimization services.

PWEI is owned by publicly listed PetroEnergy Resources Corp., through its subsidiary, PetroGreen Energy Corp. (40 percent), CapAsia ASEAN Wind Holdings Cooperatief U.A. (40 percent), a company organized in the Netherlands, and EEI Power Corp. (20 percent), a wholly-owned subsidiary of publicly listed EEI Corp.

About Modern Energy Management:

Modern Energy Management specializes in providing Owner’s Representative services to enhance financial returns for investors of renewable energy projects in emerging markets.

Modern Energy Management is uniquely suited to offer these services due to their unparalleled experience and expertise in management of development, construction and operations of renewable energy projects in emerging markets. Currently Modern Energy Management has over 500MW of wind and solar development and construction projects under management in SE Asia, Africa and Latin America.

Modern Energy Management has offices in Singapore and Bangkok, Thailand.

For more information see www.modernenergy.management and www.investmentgradeverification.com