PetroGreen’s EcoSolar Secures Government Approval for Major Solar Project in Capiz
Published · 3 min read
The Philippine energy sector is witnessing another step toward sustainable development as EcoSolar Energy Corporation, a newly formed unit of PetroGreen Energy Corporation (PGEC), has secured a key government approval for its ambitious solar project in Capiz.
In a recent disclosure to the Philippine Stock Exchange, PGEC announced that its special purpose company, EcoSolar Energy, has received a Certificate of Authority (COA) from the Department of Energy (DOE) for the development of the Panit-an Solar Power Project (PSPP).
A Milestone for PetroGreen Energy
The PSPP is a ground-mounted solar power project that is expected to generate between 90 to 100 megawatts (MW) of clean energy. Once completed, it will become PGEC’s largest contiguous solar power facility to date. The project will be developed on approximately 88 hectares of land in the municipality of Panit-an in the province of Capiz.
The project’s manager, Hiroki Hiwatashi, emphasized the importance of the certification. He stated, “When completed, it will yet be PGEC’s single biggest contiguous solar power facility. 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.”
What Does the Certificate of Authority Mean?
The Certificate of Authority (COA) issued by the DOE plays a vital role in moving renewable energy projects forward. With the COA in hand, EcoSolar Energy now has the official green light to proceed with:
- Securing local and national development permits
- Conducting comprehensive feasibility and environmental studies
- Preparing the groundwork for final investment decisions
- Applying for a Solar Energy Operating Contract
These next steps will determine the actual implementation timeline of the project. PGEC expects to finalize these processes within a year, staying in line with the DOE’s regulatory framework.
PGEC’s Broader Green Energy Vision
PGEC, a subsidiary of PetroEnergy Resources Corporation, has steadily positioned itself as a key player in the renewable energy sector of the Philippines. Apart from solar, the company is also involved in wind and geothermal energy. The addition of the Panit-an solar project significantly strengthens its solar portfolio.
The company’s goal is clear—to support the Philippine government’s push for clean energy while meeting the growing power demand of communities across the country. The Panit-an project reflects both the scale and ambition of this goal.
Local Impact and National Implications
The municipality of Panit-an and the province of Capiz stand to benefit in multiple ways. Large-scale solar installations often lead to:
- New job opportunities during the construction and maintenance phases
- Increased local government revenues
- Boosts to local businesses and services
- Enhanced energy stability and cleaner electricity for nearby communities
On a national level, projects like PSPP help reduce the country’s reliance on fossil fuels. They also align with global efforts to cut greenhouse gas emissions and combat climate change.
Commitment to Sustainability
PetroGreen Energy Corporation has consistently highlighted sustainability as a cornerstone of its mission. According to its official website, the company focuses on projects that are not only profitable but also environmentally responsible and socially beneficial.
With the Panit-an project, PGEC is not only making a strategic business move but also reinforcing its commitment to sustainability, climate action, and inclusive development.
What’s Next?
Over the next 12 months, EcoSolar Energy Corporation will:
- Engage with local government units and communities for consultations
- Work with environmental and engineering experts to finalize feasibility studies
- Secure funding and strategic partners for project execution
- Submit a formal application for a Solar Energy Operating Contract to the DOE
These steps are crucial for turning this vision into reality. If all goes according to plan, PGEC hopes to begin actual construction soon after completing all preliminary requirements.
Conclusion
The approval of the Panit-an Solar Power Project marks an important chapter in the Philippines’ clean energy story. With PGEC and EcoSolar Energy Corporation leading the charge, the country moves one step closer to a greener and more sustainable future.
Stay updated on the latest developments by visiting the official site: PetroEnergy.com.ph
