Basic Energy eyes 1-gigawatt RE portfolio by 2030 - BusinessWorld Online

Basic Energy eyes 1-gigawatt RE portfolio by 2030 - BusinessWorld Online

By Sheldeen Joy Talavera, Reporter BASIC ENERGY CORPORATION, a listed company focusing on renewable energy (RE) and alternative fuels, aims to develop 500 megawatts (MW) of wind and 500 MW of solar energy projects by 2030, according to its chief executive officer (CEO). “In the next five years, [we aim] to build a portfolio of around 500 megawatts in wind and around close to 500 or 500 megawatts also in solar,” Oscar L. de Venecia, Jr., vice-cha…