Ilocos norte: The Ilocos Norte provincial government and Alba Renewables Philippines Corp have signed a lease agreement for a 100-hectare hybrid renewable energy plant at the Dungon-Dungon estate in Bangui and Burgos.

According to Philippines News Agency, the agreement was finalized after an eight-month feasibility study, as stated by Andres Martin Buldu, chief development officer of Alba Renewables Philippines Corporation. The project aims to integrate wind and solar energy generation with advanced battery storage systems. Buldu noted that a series of technical and economic assessments were conducted to refine the project layout and finalize an investment case.

The hybrid renewable energy plant aims to lower the carbon footprint from conventional energy sources while generating employment opportunities for local residents. Alba Renewables plans to invest approximately USD100 million in the endeavor, potentially employing thousands of Ilocanos during both the construction and operational phases.

In addition to the anticipated job creation, the provincial government is set to receive an annual PHP6 million lease payment from the developer, alongside tax revenues. During the ceremonial signing at the Capitol's session hall, Ilocos Norte Vice Governor Matthew Joseph Manotoc reaffirmed the provincial government's commitment to supporting the project, emphasizing its business-friendly environment.

Governor Cecilia Araneta-Marcos acknowledged Vice Governor Manotoc for his foundational efforts when he served as governor, which paved the way for this project. Ilocos Norte, with its strategic location, has established itself as a commercial hub in Northern Philippines, connecting North and Central Luzon to key Asian markets such as Taiwan, China, Hong Kong, Japan, and South Korea.

The province's infrastructure, competitive labor costs, and business-enabling policies make it an attractive location for various industries, including renewable energy, tourism, and agriculture.