PetroSolar and Shell Energy Enter Into New Power Supply Deal

PSC Vice President F.G. Delfin Jr. (left) and Shell Energy Philippines Inc. President Bernd Krukenberg (right) signed the Power Supply Agreement for TSPP-2

​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 PSC, especially valuable in the market where solar offtake prices are under increasing pressure,” - said F.G. Delfin, Jr., PGEC President & CEO.

“This partnership with PSC 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.

PGEC, the renewable energy holding company of publicly-listed PetroEnergy Resources Corporation, is on track to complete two new utility-scale solar power facilities by late 2025: the 40MWp Limbauan solar project in Isabela and the 25MWp Bugallon solar facility in Pangasinan. Additionally, PGEC’s subsidiary EcoSolar Energy Corporation, recently secured a Confirmation of Authority from the Department of Energy for a 90-100MWp solar project in Panit-an, Capiz which is slated for completion in 2027. 

Shell Energy Philippines is a retail electricity supplier under the Shell companies in the Philippines offering competitive and environment-friendly energy solutions to industrial and commercial customers in the Philippines. For 111 years, Shell has powered progress for the Philippines and will continue to support the country by providing more and cleaner energy solutions to meet the needs of our consumers today and in the decades to come. 

Both companies expressed their commitment to exploring future collaborations aimed at strengthening the country’s energy supply and advancing the transition toward a more sustainable future.