Emerging Power Inc. (EPI), the renewable energy (RE) subsidiary of Nickel Asia Corporation (NAC), is collaborating with Shell to expand its renewable energy capacity beyond the initial goal of 1 gigawatt (GW) by 2028.
In a report by the Inquirer, NAC’s vice President for Treasury, Investor Relations, and Sales, Andre Mikael Dy, said that EPI had been eyeing to provide a capacity of half a gigawatt by 2025. With a number of projects underway, summing up to around 1.5 GW capacity in power generation, the firm is positive that it will be able to reach 1 GW by 2028.
In July 2022, EPI and Shell Overseas Investment BV announced the intention to work together to develop 1 GW of renewable energy projects in the country by 2028, with the intention of eventually scaling that up to 3 GW.
EPI also revealed the ongoing construction of a 240-megawatt (MW) solar farm in Leyte, in partnership with Shell. The first phase, totaling 120 MW, is projected to commence operations by the second quarter of 2025.
The company is also working on the construction of a 145 MW solar plant in Cawag, Zambales.