Shell Energy Philippines, Inc. (SEPH) will supply electricity from a 120-megawatt peak (MWp) solar farm in Leyte to its commercial and industrial customers, following a newly signed 15-year Power Supply Agreement (PSA) with Greenlight Renewables Holdings, Inc.
The agreement covers Phase 1 of the San Isidro Solar Power Project, operated by Greenlight’s wholly-owned subsidiary, San Isidro Solar Power Corp., with commercial operations expected to start 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 Wednesday.
Greenlight President and CEO Jasmin Agbon the company is working to deliver the project, which is expected to enhance energy security and support the local clean energy and sustainability goals.
Greenlight is a joint venture between Emerging Power Inc. (EPI) and Shell Overseas Investments B.V., focused on developing, owning, and operating large-scale renewable energy projects in the Philippines. EPI serves as the clean energy arm of Nickel Asia Corp.
Phase 1 of the project is already supplying energy to the grid while undergoing testing and commissioning.
SEPH, the registered retail electricity supplier of Shell companies in the Philippines, intends to sell the solar-generated electricity to its commercial and industrial customers as it seeks to grow its market share in the next five years.