PetroGreen Energy Corp. (PGEC) has completed its first commercial and industrial (C&I) rooftop solar power project at the 12-story Enrique T. Yuchengco (ETY) office building in Binondo, Manila. PGEC is the renewable energy holding unit of publicly-listed PetroEnergy Resources Corp. (PERC).
PGEC assistant vice president for power plant operations Paul Elmer Morala said they energized the 140.8 kilowatts peak (kWp) solar facility involving 352 units of 405-watt solar panels and two units of 60-kWac of string inverter installed in 900 square meters of rooftop space. It was safely completed in less than 15 weeks this year even as COVID-19 cases surged recently.

Publicly-listed and Yuchengo-led PetroEnergy Resources Corporation (PERC) recorded a 21% increase in its 2020 consolidated net income, rising to Php 646MM from 2019’s Php 534MM. Net income attributable to parent company saw a 9% improvement over the same period from Php 293MM to Php 319 MM. PERC is engaged in petroleum production through the Etame consortium in Gabon, West Africa and in renewable energy (RE) in the Philippines through its subsidiary PetroGreen Energy Corporation (PGEC) that owns and runs RE power stations utilizing geothermal, wind, and solar energy.

PetroSolar Corporation (PSC) was elevated to the Hall of Fame of PEZA Awards for winning the Outstanding Community Project Award for three consecutive years from 2017 to 2019. The awarding ceremony was held on December 10, 2020 in Pasay City. PEZA cited the efforts of PSC in strengthening relationship with its partner communities, a total of 11 barangays in Hacienda Luisita, Tarlac City. PGEC Environmental and Community Relations Manager, Yrel V. Ventura, explains that PSC’s efforts focused on systematic approach to health, education, and livelihood programs, with the goal of building progressive and peaceful communities.