Our Business
PetroEnergy Resources Corporation (PERC) is a publicly-listed Philippine energy company that holds a diversified business portfolio in upstream oil exploration, renewable energy development, and power generation.

Upstream Oil Exploration
PERC's main oil asset, with four (4) producing fields, is located in Gabon, West Africa. Since its commercial production in 2002, it has produced 108 MMBO. PERC also has petroleum assets in the Philippines, which are in advanced exploration and pre-development stages.

Renewable Energy Development
Recognizing opportunities in diversification, PERC set up a subsidiary – PetroGreen Energy Corporation (PGEC) – to invest in renewable energy development. Since its inception in 2010, PGEC managed to enter into joint venture partnerships for the development and operation of geothermal, wind, and solar power facilities.

Power Generation
PERC, through its subsidiaries, also ventured into power generation and electricity supply. PGEC's joint venture companies currently hold power purchase agreements and are members of the Philippine Electricity Market Corporation's Wholesale Electricity Spot Market (PEMC-WESM).
Recent News
How wind power took this remote barangay in Aklan out of its dark days
October 20, 2021
There’s a spot in Boracay’s White Beach from where one can see the picturesque mountains of Northern Aklan. Perched on the foothills of these mountains are wind turbines courtesy of the Nabas Wind Farm which provide a source of renewable energy to over 90 households in the far-flung barangay of Pawa in Nabas, Aklan.
Brgy. Pawa is located up in the highlands, five kilometers away from the national road. Before the mid 2010s, one needed to hike a steep trail to get there, or ride a habal-habal that had to pass thru a narrow dirt road. Suffice it to say, the village was hardly accessible to government and medical services. Water was scarce. The nearest spring was more than a kilometer away from residential areas.
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Brgy. Pawa is located up in the highlands, five kilometers away from the national road. Before the mid 2010s, one needed to hike a steep trail to get there, or ride a habal-habal that had to pass thru a narrow dirt road. Suffice it to say, the village was hardly accessible to government and medical services. Water was scarce. The nearest spring was more than a kilometer away from residential areas.
YGC Donates Solar Panels to DOST-PHIVOLCS for Volcano Monitoring
June 30, 2021
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.
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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 completes first solar commercial and industrial project
May 15, 2021
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.
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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.
News Archive
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PetroEnergy Records Higher 2020 Consolidated Income
May 5, 2021 -
PetroSolar enters PEZA Awards’ Hall of Fame
December 28, 2020 -
PetroGroup Brings Honor and Prestige to the Country
October, 2019 -
PetroWind is Among Asia’s Top Community Care Companies
September, 2019 -
PetroSolar Clinched the SME Excellence in CSR in ASEAN Business Awards 2020
September, 2019 -
DOE Awards San Vicente Wind Energy Service Contract to PetroGreen
November 19, 2019 -
PetroSolar to Represent the Philippines in the ASEAN Business Awards 2019 in Thailand
October 21, 2019 -
PetroEnergy Wins in the 17th Philippine Quill Awards
September 10, 2019 -
Mapua and PetroEnergy Launch International Program on Renewable Energy Education
July 10, 2019 -
PetroSolar Sweeps PEZA Outstanding Community Awards for 3 Consecutive Years
May 29, 2019 -
Tarlac-2 Solar Plant Starts Export of Power to Luzon Grid
April 23, 2019 -
PetroEnergy Achieves Hefty 2018 Net Income
April 22, 2019 -
Trina Solar Delivers Panels to Tarlac-2 Solar Farm in the Philippines
February 18, 2019 -
ERC Renews COCs of Maibarara Power Facilities
January 10, 2019 -
PetroEnergy Records 27% Earnings Growth
November 26, 2018 -
PETROSOLAR Secures BOI Registration FOR 20MWDC TARLAC-2 Solar Power Project
Sept 18, 2018 -
ME Alumnus Attends NZ Geothermal Training
June 06, 2018 -
ERC Chair and CEO Agnes VST Devanadera awards the Certificate of Compliance (COC) of the 12 MW Maibarara Unit-2 Geothermal Power Plant (MGPP-2) to Maibarara Geothermal, Inc. (MGI) President Francisco G. Delfin, Jr. on May 8, 2018 at the ERC
May 23, 2018 -
PetroEnergy Posts 44% Growth in 2017 Consolidated Net Income
April 18, 2018 -
PSC gets PEZA award
April 16, 2018 -
Maibarara-2 Starts Exporting Power to the Luzon Grid
March 12, 2018 -
PetroEnergy’s Wind Unit Hits 250 GWh Milestone
January 09, 2018 -
MGI Completes Critical WESM and Grid Connection Requirements for 12 MW Maibarara-2
December 12, 2017 -
PetroEnergy Unit Reaches 1 Billion kWh RE Generation Milestone
December 05, 2017 -
PetroEnergy 3Q 2017 net income increased by 103%
November 10, 2017 -
Maibarara-1 Geothermal Plant Reaches 600 GWh Generation Mark
November 10, 2017 -
Two PetroEnergy Power Plants Get International Awards
September 28, 2017 -
PetroEnergy posts strong 180% profit growth in 1H 2017
August 18, 2017 -
PetroEnergy plans P1-B stock rights offer
July 28, 2017 -
PetroEnergy expects profit boost from renewable energy plants
July 27, 2017 -
PetroEnergy earmarks P6.7-billion capex for 4 new power projects
June 06, 2017 -
PetroEnergy's wind power unit takes in Thailand-based BCPG as new partner
May 17, 2017 -
PetroEnergy 1Q, 2017 consolidated net income up by 300%
May 12, 2017 -
Lourdes Elementary School (LES) Kinder Classroom Groundbreaking Ceremony
March 7, 2017 -
PetroSolar Corporation Continues its Educational Assistance Project in Tarlac City
January 11, 2017 -
Maibarara Geothermal Inc. (MGI) held a ceremonial groundbreaking for its 12 MW Maibarara-2 Geothermal Power Facility (MGPF) in Sto. Tomas, Batangas.
October 27, 2016 -
20 MW Maibarara-1 Facility is Asia's Geothermal Power Project of the Year
September 24, 2016 -
PetroEnergy Solar Unit Secures COC-FIT from ERC
July 14, 2016 -
PetroSolar Corporation Secures ERC PAO-FIT Approval, Signs REPA with Transco
April 28, 2016 -
50 MW TARLAC SOLAR POWER PROJECT SECURES COE-FIT
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BIGGEST PHILIPPINE SOLAR PLANT TO-DATE STARTS POWER EXPORT TO LUZON GRID
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PETROWIND'S 36 MW NABAS-1 WIND PROJECT REPA TAKES EFFECT
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PETROWIND'S 50 MW NABAS WIND PROJECT GETS ERC APPROVALS
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TWO PETROENERGY POWER PROJECTS DECLARED COMMERCIAL
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PETROWIND'S 50 MW NABAS WIND PROJECT GETS ERC APPROVALS
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MGI PROVES STEAM SUPPLY FOR 10MW EXPANSION
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PETROENERGY SELLS ITS 10% INTEREST IN PETROGREEN ENERGY CORPORATION
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PETROENERGY'S STAKE IN WEST LINAPACAN SERVICE CONTRACT NOW AT 4%
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PETROGREEN SIGNS SOLAR RENEWABLE ENERGY CONTRACT WITH THE DOE
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NABAS WIND POWER PROJECT SUCCESSFULLY DISPATCHES POWER TO THE VISAYAS GRID
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MGI, TRANS-ASIA, AND MERALCO PARTNER IN GEOTHERMAL INTERCONNECTION PROJECT
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PETROENERGY CELEBRATES ITS 10TH LISTING ANNIVERSARY
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20 MW MAIBARARA GEOTHERMAL POWER PROJECT
November 5, 2014 -
50 MW NABAS WIND POWER PROJECT
November 4, 2014 -
20 MW MAIBARARA GEOTHERMAL POWER PROJECT STARTS COMMERCIAL OPERATIONS
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PETROENERGY'S 50 MW NABAS WIND PROJECT GETS FIT PRE-QUALIFICATION
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MGI COMPLETES 3RD PRODUCTION WELL AHEAD OF SCHEDULE
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MGI COMPLETES DRILLING PROGRAM FOR 20 MW GEOTHERMAL POWER PROJECT
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PETROENERGY UNIT SIGNS TRANSMISSION LINE CONSTRUCTION DEAL WITH AKELCO
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ERC APPROVES MAIBARARA COC
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PETROENERGY'S 50 MW NABAS WIND PROJECT GETS FIT PRE-QUALIFICATION