The Burgos Wind Project (BWP) has been named the “Best ECA (Export Credit Agency) backed Green Deal” and one of the “Top Ten Global Deals of the Year” by the Trade and Export Finance (TXF), a London-based global publication. The BWP is the only project in the Philippines that made it to the elite list of awardees. This is the fifth international award received by EDC for its very first wind project. EDC President and COO Richard Tantoco and Vice President for Corporate Finance Erwin Avante received the award in Paris, France last June 2.
Shown in the photo are (front row from left to right) Erwin Avante, ANZ Banking Group Head of South and South East Asia Pacific Structured Export Finance Steven Mulder, Richard Tantoco, EksportKreditFonden CEO Anette Eberhard, (second row from left to right) ANZ Banking Group Managing Director for Global Loans & Advisory Christina Tonkin, Herbert Smith Freehills Partner Brendan Quinn, ING Bank Director for Structured Finance / Structured Export Finance Willem Van Nouhuys, ANZ Banking Group Global Head of Structured Export Finance Paul Richards, Vestas Vice President and Head of Structured Finance and Project Risk HeikoWehrhahn, and (third row) Jan Christoph Meyer of Vestas’ Structured Finance Group.
The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over Visayas and Mindanao, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. Because of all of this, it is poised to become the premier supplier of electricity for the Philippines’ Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing various greening projects to ensure that its mission to provide future generations with a better life remains intact.