Shell Energy Philippines, Inc. (SEPH) has signed a power supply agreement (PSA) with Greenlight Renewables Holdings Inc. (Greenlight) through Greenlight’s wholly-owned subsidiary San Isidro Solar Power Corp., for the purchase of electricity from a ground-mounted solar farm located in Leyte.
This agreement marks a significant milestone for the joint venture between Emerging Power Inc. (EPI) and Shell Overseas Investments B.V. (SOIBV), as it is the first PSA signed since its establishment.
Under the 15-year agreement, SEPH will purchase 120 megawatts peak (MWp) of electricity from Phase 1 of the San Isidro solar power project. Commercial operations for Phase 1 will commence in the second quarter of 2026.
‘Our strong partnership with Greenlight, along with our decision to fully offtake from this project, reflects Shell’s commitment to providing cleaner and more affordable energy solutions to the country and supports our growth aspirations in the power industry for years to come,’ SEPH President Bernd Krukenberg said.
Greenlight is a joint venture between EPI and SOIBV focused on developing, owning, and operating large-scale renewable energy projects in the Philippines. It has completed the 120 MWp Phase 1 of the San Isidro solar power project, which is now undergoing testing and commissioning and is already supplying energy to the grid. EPI serves as the clean energy arm of Nickel Asia Corp.
SEPH, the registered retail electricity supplier of the Shell companies in the Philippines, intends to sell the solar-generated electricity to its commercial and industrial customers.