Yuchengco-led PetroGreen Energy Corporation (PGEC), through its special purpose company EcoSolar Energy Corporation (ESEC), has received the go signal from the Department of Energy (DOE) for its planned Panit-an Solar Power Project (PSPP) in Capiz.
In a disclosure filed by its parent firm PetroEnergy Resources Corporation (PERC), PGEC announced that the DOE awarded the Certificate of Authority (COA) for the PSPP on May 7, 2025. The project, set to produce approximately 90 to 100 megawatts of direct current (MWDC), will be built on around 88 hectares of land in the municipality of Panit-an.
“DOE’s COA grants ESEC the exclusive authority for the planned ~90-100 MWDC PSPP, a ground-mounted solar project we will develop in ~88 hectares of land we own in the municipality of Panit-an, Capiz. When completed, it will yet be PGEC’s single biggest contiguous solar power facility,” said Hiroki Hiwatashi, PGEC’s PSPP Project Manager.
Hiwatashi explained that the certificate enables the company to move forward with vital preparatory steps. “The COA allows us a year to secure the necessary development permits, conduct feasibility studies, and mature the project towards final investment decision and the application of a solar energy operating contract,” he stated.
Support from the local government was solidified earlier this month. Following a public hearing attended by national government agencies and community stakeholders, the Panit-an Sanggunian Bayan (Legislative Council) issued a resolution of support for the project on May 2, 2025.
“We are proud to support ESEC’s solar project, which will not only provide clean energy and additional power but also bring economic opportunities to our community,” said Panit-an Mayor Katherine Dequiña-Belo. “This endorsement is just the beginning of long-term collaboration and we assure our investors that we will steadfastly support and protect this project to ensure we all benefit from its success.”
Capiz Governor Frenedil Castro and Vice Governor James Magbanua also called for residents and government agencies to support the initiative, noting that the PSPP would be the first large-scale renewable power plant in the province. They emphasized its potential to improve local power supply, create jobs, and generate tax revenues for the province’s local government units.
Do you think this is the first step for the province’s transformation? What other opportunities and potential does this project have?
Follow Power Philippines on Facebook and LinkedIn for more updates.
There are no comments
Add yours