PetroSolar Corporation (PSC), a subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC), signed a 20-megawatts (MW) Power Supply Agreement (PSA) with Shell Energy Philippines Inc. (SEPH).
Under the PSA, PSC will supply SEPH with clean power from its 20 MW Tarlac-2 Solar Power Plant (TSPP-2) in Central Technopark, Tarlac City.
“We are pleased with this agreement with Shell Energy which builds upon mutual commitment to clean energy from an earlier power supply contract signed in 2022 between our two companies,” said PGEC President Francisco G. Delfin Jr.
SEPH President Bernd Krukenberg said the collaboration demonstrates Shell’s commitment to providing sustainable energy solutions to its customers in the Philippines. “We are excited to strengthen our partnership with PetroSolar Corporation, a company that is well established and dedicated to its renewable energy vision,” Krukenberg commented.
PGEC, the renewable energy holding firm of publicly listed PetroEnergy Resources Corporation (PERC), 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 percent owned by Kyuden International Corporation, the overseas investment outfit of Kyushu Electric Power Co., Inc. and 75 percent by PERC.
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.