MANILA, Philippines — The Yuchengco Group’s PetroEnergy Resources Corp. (PERC) signed an agreement with China-based Trina Solar, a smart photovoltaics (PV) and energy storage provider, to facilitate their various solar power projects in the Philippines.
In a disclosure on Thursday, PERC said its unit PetroGreen Energy Corp. (PGEC) inked a master supply agreement with Trina Solar, which will provide 117 megawatts of PV solar modules for facilities that would rise in Nueva Ecija, Pangasinan and Isabela.
PGEC is undertaking various solar projects in the three provinces that would use more than 129,000 modules, generating an estimated annual energy yield of 129.14 gigawatt-hours.
“This amount of electricity is sufficient to power 53,800 Philippine homes each year based on average household consumption,” the listed firm said.
Also, the partnership would allow PGEC to explore a range of module types offered by Trina Solar, including solar cell technology, which can be used for utility-scale, commercial, and industrial projects.
Performance and efficiency
“This flexibility allows PetroGreen to select the most suitable modules for its projects, helping to optimize performance and efficiency,” according to the company.
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PERC said the transaction would help the government attain its target of 35 percent renewable energy share in the country’s power mix by 2030.
“Our continued partnership with Trina Solar signifies our commitment [to] ensuring that the highest-quality components and innovative technologies are deployed in our solar projects,” PGEC Vice President Maria Victoria Olivar said.
“This expansion of our partnership underscores our mutual commitment to long-term collaboration and the continued growth of renewable energy initiatives in the Philippines,” said Elva Wang, head of Southeast Asia, Trina Solar Asia-Pacific.
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Their partnership began in 2015 with the delivery of 27 MW of modules to PGEC’s Dagohoy solar PV project on the island of Bohol.
“This project—which is reportedly the first large-scale solar farm on the island—is due to be completed this year. It aims to help the island province reduce its dependence on fossil fuels,” it added. —Jordeene B. Lagare