PetroSolar Corporation (PSC), a subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC), and Shell Energy Philippines, Inc. (SEPH) officially signed a strategic power supply agreement on June 10, 2025. This significant collaboration marks a pivotal step in their shared commitment to renewable energy in the Philippines, covering the full output of PSC’s 20MWp Tarlac-2 Solar Power Plant.
The agreement ensures the consistent delivery of clean energy, reinforcing SEPH’s mission to provide sustainable power solutions and securing a stable, competitive rate for PSC amidst fluctuating market conditions.
“We are proud to sign this agreement with SEPH, a dynamic and fast-growing player in the retail electricity market,” said F.G. Delfin, Jr., PGEC President & CEO. “By securing the supply of clean power from our 20MWp Tarlac-2 solar unit, we support SEPH’s mission to deliver sustainable power to its customers. This partnership also ensures a stable and competitive rate for PSC, especially valuable in the market where solar offtake prices are under increasing pressure.”
Bernd Krukenberg, SEPH President, echoed this sentiment, emphasizing the shared vision for a cleaner energy future. “This partnership with PSC represents a shared commitment to advancing the energy transition in the Philippines. By securing clean and reliable solar energy from the Tarlac-2 Solar Power Plant, we are not only delivering on our promise to provide sustainable energy solutions to our customers but also contributing to the country’s renewable energy goals.”
“This collaboration underscores our dedication to powering progress and building a cleaner energy future for generations to come. We look forward to growing the partnership with PGEC.”
This strategic alliance underscores both companies’ dedication to accelerating the energy transition and bolstering the Philippines’ renewable energy capacity.
