Citicore Power Inc. (Citicore) will supply 20 megawatts (MW) of renewable energy (RE) to a unit of the Shell Group.
Citicore’s solar unit, Citicore Solar Bataan Inc. (CSBI), will source power from its solar plant in Mariveles, Bataan and deliver this to Shell Energy Philippines Inc. (Shell), the retail electricity supplier under the Shell Group.
“Citicore and Shell share a mission to provide clean and sustainable energy to meet consumers’ requirements and carbon-free aspirations. Starting with this collaboration, we are looking forward to accelerate and expand the country’s shift to and utilization of renewable energy,” said Oliver Tan, Citicore’s President.
Citicore continues to develop new RE sources and plans to increase its RE portfolio five-fold over the next five years, in order to support more customers in their net-zero emissions journeys.
Since it started its solar plant operations, Citicore has already generated a total of 1.077 billion kilowatt-hours (kWh) of energy, equivalent to 763,200 metric tons of reduced carbon emission. Through its retail supply arm, Citicore Energy Solutions, Inc. (CESI), the output generated has been distributed to multinational and domestic companies across diverse industries, which includes real estate establishments, transport hubs, and steel manufacturing industries, among others.
CESI recently secured Department of Energy (DOE) approval and was included in the eligible list of Renewable Energy Suppliers under the agency’s Green Energy Option Program (GEOP). This will enable Citicore to offer renewable energy products and solutions to a wider customer base. In February, the Authority of the Freeport Area of Bataan (AFAB) announced that it has tapped Citicore Power Inc. to develop a solar rooftop project with a total capacity of 6.64 megawatts (MW) for its locators in Mariveles, Bataan.
Tan said the project involves the construction of solar rooftop systems that have 14,756 pieces of mono-crystalline photovoltaic panels with 450 watts power class and string inverter with 60KW capacity and can generate electricity up to 6,554 gigawatt hours annually. This will power up 14 buildings of AFAB locators in Bataan.