In order to support the expansion of solar energy in the Philippines, PetroGreen Energy Corporation, a subsidiary of publicly traded PetroEnergy Resources Corporation, a member of the Yuchengco Group of Companies, and Trina Solar, a leader in smart PV and energy storage solutions globally, signed a master supply agreement (MSA). Under the terms of the MSA, Trina Solar will provide 117 MW of high-performance PV solar modules to a number of Philippine projects led by Rizal Green Energy Corporation (RGEC), a subsidiary of PetroGreen.
This cooperation is expected to make a substantial contribution to the Philippine government's aim of 35% renewable energy by 2030, as it combines the state-of-the-art solar technology of Trina Solar with PetroGreen's vast experience in the country's renewable energy sector. Since 2015, Trina Solar and PetroGreen have solidified their partnership. With the delivery of 27 MW of modules to PetroGreen's Dagohoy solar PV project on the island of Bohol, the partnership has already proven successful. This project is expected to be finished this year and is supposedly the first large-scale solar farm on the island. Its goal is to lessen the island province's reliance on fossil fuels. Expanding upon this prosperous base, Trina Solar will also provide modules for PetroGreen's projects, which include those situated in the provinces of Isabela, Pangasinan, and Nueva Ecija. These projects will use over 129,000 modules in total, yielding an estimated 129.14 GWh of energy each year. Based on average household consumption, 53,800 Philippine dwellings may be powered by this amount of electricity annually. The cooperation, as described in the MSA, highlights both parties' dedication to a sustainable future driven by clean energy. Elva Wang, Head of South-East Asia, Trina Solar Asia Pacific said: “The Philippines boasts immense potential to harness solar energy to meet its rising energy demands. We are thrilled to partner with PetroGreen, a like-minded leader, to unlock this potential. This expansion of our partnership underscores our mutual commitment to long-term collaboration and the continued growth of renewable energy initiatives in the Philippines. Together, we remain steadfast in our pursuit of a sustainable future powered by clean energy.” “This collaboration seamlessly aligns with Trina Solar's mission to drive sustainable development through innovative solar solutions. By expanding our footprint in the Philippines and forging long-term partnerships with industry leaders like PetroGreen, we are confident that together, we can significantly contribute to the Philippines’ clean energy goals and solidify Trina Solar’s position as a key player in the country’s solar revolution.” Additionally, the deal permits PetroGreen to investigate a variety of Trina Solar module types, such as its industry-leading n-type iTOPCon Advanced cell technology and Vertex products, which may be applied to utility and commercial and industrial (C&I) applications. PetroGreen can choose the best modules for its projects because of this flexibility, which helps to maximize effectiveness and performance. Although the delivery of solar modules is the main focus of the current MSA, both sides recognize the possibility of future collaboration in other areas. This involves investigating battery energy storage devices with solar tracker systems (BESS). This willingness to grow the collaboration is an indication of a sustained dedication to innovation and all-encompassing renewable energy solutions. “Our continued partnership with Trina Solar signifies our commitment in ensuring that highest quality components and innovative technologies are deployed in our solar projects,” says Maria Victoria M. Olivar, PetroGreen’s Vice President for Commercial Operations & Business Development. “We are delighted that this cooperation will significantly boost Philippine’s energy transition to renewable energy through solar power projects and will contribute to achieving a low-carbon future,” adds Olivar. In keeping with its commitments under the Paris Agreement and the National Renewable Energy Program, the Philippines has set ambitious climate objectives, including a 75% reduction in greenhouse gas emissions by 2030 and the achievement of 20 GW of renewable energy capacity by 2040. Through this joint venture, Trina Solar and PetroGreen are actively assisting the Philippines in accomplishing these crucial goals. Trina Solar Co., Ltd. is mainly engaged in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy mainly comprises PV power generation and operation & maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. With the strategic goal of “Creating a new industrial ecosystem led by Trina Solar, and promoting Trina Solar as a leader in smart PV and energy storage solutions ", we are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future. On June 10, 2020, Trina Solar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It is the first PV and energy storage company that has gone public on the STAR Market providing PV products and systems, as well as smart energy. PetroGreen Energy Corporation (PGEC), a Yuchengco Group of Companies affiliate, was formed in 2009 as the renewable energy holding unit of publicly-listed company PetroEnergy Resources Corporation (PERC) and is a joint-venture with Kyuden International Corp. (KIC), the overseas investment unit of Kyushu Electric Power of Japan. PGEC has investments in 32MW Maibarara Geothermal Power Project in Batangas, 50MW Nabas Wind Power Project in Aklan, and 70MWdc Tarlac Solar Power Project in Tarlac. In 2023, it formed a new subsidiary, the Rizal Green Energy Corporation (RGEC) to undertake PGEC’s RE expansion in the country. PGEC is currently developing large scale and rooftop solar power projects all over the Philippines. In 2022, PGEC, in partnership with Denmark’s Copenhagen Energy, was awarded with service contracts to develop three (3) offshore wind power sites in Northern Luzon, Northern Mindoro, and East Panay with the potential to generate a total capacity of 4 GW.
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