PetroSolar Corp. (PSC), a subsidiary of Yuchengco-led PetroGreen Energy Corp. (PGEC), will supply Shell Energy Philippines Inc. (SEPH) with clean energy from its 20 megawatt Tarlac-2 Solar Power Plant (TSPP-2) in Central Technopark, Tarlac City.
PSC signed a power supply agreement (PSA) with SEPH last September 20.
PGEC president and CEO Francisco G. Delfin, Jr. said the PSA builds upon mutual commitment to clean energy from an earlier power supply contract signed in 2022 by the two companies.
The renewable energy holding firm of publicly-listed PetroEnergy Resources Corporation (PERC),PGEC, is expanding its solar power portfolio with new projects in Northern Luzon, Central Luzon, and Central Visayas which will see commercial operations by 2024 to 2025.
PGEC is 25% owned by Kyuden International Corporation, the overseas investment outfit of Kyushu Electric Power Co., Inc. and 75% by PERC.
“We are excited to strengthen our partnership with PetroSolar Corporation, a company that is well established and dedicated to its renewable energy vision. This collaboration demonstrates Shell’s commitment to providing sustainable energy solutions to its customers in the Philippines,” SEPH president Bernd Krukenberg said,
SEPH is a retail electricity supplier under the Shell companies in the Philippines offering competitive and environment-friendly energy solutions to industrial and commercial customers in the Philippines.