Pilipinas Shell Petroleum Corporation will be entering the renewable energy sector soon, the company told the National Renewable Energy Board.
“Shell will enter the RE sector,” NREB Chairman Jose Layug Jr. said in an event organized by the Dutch Embassy.
“They will start [very] soon. It’s high time they do it. We welcome this,” Layug told the Business Mirror.
The NREB official added that the Shell is ‘open to any RE’ sources and the company will begin looking for potential RE sources.
In December 2016, Shell said that it is exploring different business models to prepare for its RE investments as their parent firm created New Energies to invest in renewable and low-carbon power.
Pilipinas Shell president Cesar G. Romero said before that “solar power is a starting point” for the company.