News & Update

Launching of the first wind power project in Mindanao, the Philippines (Promotion of project development under financial support of Joint Crediting Mechanism (JCM) subsidy funded by the Ministry of the Environment, Japan)

We will be commencing the "33 MW wind power project in Caraga region, Mindanao" as 1st phase of a total of 150 MW divided to 3 phases.

This project was proposed by the consortium represented by Chodai together with Shizen Energy Co., Ltd., Equi-Parco Construction Company, Equi-Parco Holdings Corporation, and Caraga Wind Energy Corporation to the Ministry of Environment, Japan as a supported project under Joint Crediting Mechanism (JCM) equipment subsidy program. The name of the program is "Subsidy for projects to control the carbon dioxide emissions from FY2019 to FY2021 (equipment subsidy projects under the Joint Crediting Mechanism)" implemented by the Ministry of the Environment, Japan.

In addition to the projects that we have developed in Caraga region thus far, we will work to expand our renewable energy business with the aim of creating a low-carbon society which is a global trend and contribute deeply for further economic development in Caraga region.