PetroSolar and Shell Energy Enter Into New Power Supply Deal

June 13, 2025

June 13, 2025, Manila – On June 10, 2025, PetroSolar Corporation (PSC), a subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC) and Shell Energy Philippines, Inc. (SEPH) signed a strategic power supply agreement marking a significant step in their renewable energy collaboration. The agreement covers the full output of PSC’s 20MWp Tarlac-2 Solar Power Plant, ensuring clean energy delivery.

“We are proud to sign this agreement with SEPH, a dynamic and fast-growing player in the retail electricity market. 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 PetroSolar, especially valuable in the market where solar offtake prices are under increasing pressure,” - said F.G. Delfin, Jr., PetroGreen President & CEO.

“This partnership with PetroSolar 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.” said Bernd Krukenberg, SEPH President.