MANILA -A unit of Yuchengco-led PetroGreen Energy Corp. will supply Shell Energy Philippines Inc. (SEPH) with renewable energy coming from its solar power plant in Tarlac City.
Under the power supply agreement signed last Sept. 20, PetroSolar Corp., a subsidiary of PetroGreen, will source clean energy from its 20-megawatt (MW) Tarlac-2 solar plant located in Central Technopark for SEPH’s power needs.
The two companies did not disclose other details of the supply deal, stressing only that both were committed to clean energy expansion as part of the national government’s goal to increase the share of renewables in the energy mix.
PetroGreen is the renewable energy holding firm of listed PetroEnergy Resources Corp. According to the company, it is expanding its solar power portfolio through new projects set to begin commercial operations by 2024 and 2025 in Northern Luzon, Central Luzon and Central Visayas.