A wholly-owned subsidiary of Trans-Asia Oil and Energy Development Corp. has shored up its chances of becoming the country’s premier renewable energy (RE) developer after cornering the biggest portfolio of service contracts ever awarded by the Department of Energy.

This came about as Trans-Asia Renewable Energy Corporation (TAREC) had been bestowed the rights to advance exploration prospects at its 10 priority wind energy sites, based on the approved service contracts it applied for with the energy department.

When proven viable for eventual commercial development, the 10 wind farm prospects may yield an aggregate capacity of 227 megawatts.

Rule of thumb sets that wind capacity development would require an investment of $2.0 million to 2.5 million per megawatt.