Corporate Profile

PetroGreen Energy Corporation (PGEC) It was incorporated on March 31, 2010 to undertake PERC's renewable energy projects. Currently, PGEC holds 65% interest in the 32 MW Maibarara Geothermal Power Project (MGPP) in Batangas, 40% stake in the 50 MW Nabas Wind Power Project (NWPP), and 100% interest in the 70 MWdc Tarlac Solar Power Project (TSPP). PGEC continually looks for new investment opportunities in renewable energy and power generation.

Maibarara Geothermal Inc. (MGI) is a joint venture corporation among PGEC (65%), AC Energy Philippines (25%), and PNOC Renewable Corporation (10%). MGI developed and now operates the 20 MW Maibarara-1 and 12 MW Maibarara-2 Geothermal Power Project (MGPP) located in Sto. Tomas, Batangas. Maibarara-1’s development is considered among the fastest in the Philippine geothermal energy industry and was considered to be the only new geothermal power plant erected in the Philippines since 2014

PetroWind Energy Inc. (PWEI) was incorporated on March 6, 2013 to develop and operate the 50 MW Nabas Wind Power Proect (NWPP) in Nabas-Malay, Aklan. PWEI’s shareholders are PGEC (40%), Thailand’s BCPG Public Company Ltd. (40%), and PERC (20%). The first phase (36 MW Nabas-1) of the wind farm was commissioned in June 2015, while, the second phase (14 MW Nabas-2) is still on pre-development phase. Nabas-1 is erected at an elevation of 300-500 in the foothills of northern Aklan making it the country’s highest perched wind farm to date.

PetroSolar Corporation (PSC) March 25, 2015, PSC signed the service contract with the Department of Energy (DOE) to develop and operate the 50 MWdc Tarlac Solar Power Project (Tarlac-1) in Central Technopark, Tarlac City. Tarlac-1 was successfully commissioned on February 10, 2016, making it one of earliest qualifiers for the solar feed-in-tariff. Recently, PSC expanded the facility to add another 20MWdc operating unit (Tarlac-2), which was successfully put online in May, 2019.