The construction of the wind power facility by AC Energy, in partnership with developer UPC Renewables, began in 2021.[1] Upon its completion it will become the biggest wind farm in the Philippines by power output[2] and the second wind farm of AC Energy in Pagudpud after the Caparispisan Wind Farm.[1] It is projected to be completed by late 2022.[3] The wind farm project reportedly cost ₱11.4-billion.[2]
The Balaoi and Caunayan Wind Farm will have a total capacity of 160MW, to be powered by 32 5MW wind turbines to be supplied by Siemens Gamesa.[1]