PetroSolar Corp., a member of the Yuchengco Group of Companies (YGC), which owns and operates the 70MWDC Tarlac Solar Power Plant in Central TechnoPark, Tarlac City, donated used solar panels to the Department of Science and Technology¬–Philippine Institute of Volcanology and Seismology (DOST-PHIVOLCS).
In brief and simple ceremonies held June 30 at the PHIVOLCS main office in Diliman, Q.C., PetroSolar Vice President F.G. Delfin, Jr. turned-over eleven (11) slightly used 330W-335W solar panels to DOST Undersecretary and DOST-PHIVOLCS Officer-in-Charge Renato U. Solidum Jr.

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.