EPI and Shell to Develop Renewable Projects in Philippines

Published on:
by KnowESG,

Shell plc

KnowESG_renewable_energy
Picture of EPI and Shell collaborating to develop renewable energy projects in the Philippines and support the country's transition to clean energy

Nickel Asia Corp (NAC) subsidiary Emerging Power (EPI) has entered an agreement with Shell business unit Shell Overseas Investments to develop renewable energy projects in the Philippines.

The partners will develop, own, operate and maintain onshore renewable projects in the country, primarily focusing on utility-scale solar photovoltaic (PV) projects.

Citing industrial data, Shell and EPI said that around 1GW of solar PV could meet the annual daytime power needs of around 1.2 million homes in the Philippines.

The two companies will also explore opportunities in onshore wind and energy storage systems.

The partnership aims to develop 1GW of projects by 2028, eventually seeking to add up to 3GW to the Philippines’ renewable capacity.

Shell Philippines country chair Lorelie Q Osial said: “Working with partners and developing new collaborations is key to accelerating the energy transition.

“This Shell-EPI partnership will leverage Shell’s technical expertise and integrated solutions as a global energy company and EPI’s strong presence in the Philippines.

“Together, we can power progress for the Philippines through sustainable energy for industries and homes.”

Reuters reported that the Philippines is looking to increase the share of renewable energy in its power mix from 21% in 2020 to 35% by 2030.

Shell and EPI’s partnership will initially focus on developing projects in the country’s Luzon and Visayas regions.

NAC president and CEO Martin Antonio G Zamora said: “The joint venture has the full support of EPI’s parent company, NAC.

“This partnership would allow both companies to boost the supply of renewable energy in the Philippines and is in line with NAC’s vision to become the premier environmental, social, and governance (ESG) investment in the country.”

Last month, Shell announced the launch of Shell Energy Solutions, a green energy business created to serve the US’ residential power market.

Source: Power Technology

For more technological news

Share:
esg
esg
esg
esg

Tech Headlines

Nike's Hydrogen-Powered Vessel for Inland Shipping

Nike's Hydrogen-Powered Vessel for Inland Shipping

LATAM Cargo, Kuehne+Nagel, Elite Flower Commit to SAF

LATAM Cargo, Kuehne+Nagel, Elite Flower Commit to SAF

Ahlstrom Aids Renewable Energy Shift with Elektro-Tek

Menthol Protocol brings eco-transparency and carbon credits to the Economy of Things on peaq

Badeel, ACWA Power Invest in 3 Saudi Solar Projects

Bengaluru Airport's T2 Gets IGBC Platinum Rating

Amogy, Skansi & SEAM Explore Ammonia Fuel for Offshore

PD Ports Drives Sustainability with Electric Cranes

Summit Next Gen to Build World's Largest SAF Plant

onsemi, Sineng Electric Drive Sustainable Energy Dev.

More from Shell plc
Shell Faces SEC Complaint for Greenwashing
Shell Faces SEC Complaint for Greenwashing
Shell Acquires Renewable Natural Gas Producer Nature Energy
Shell Acquires Renewable Natural Gas Producer Nature Energy
Ryanair and Shell Agree SAF Deal
Ryanair and Shell Agree SAF Deal
Shell has completed its acquisition of the Sprng Energy group, a renewables platform
Shell has completed its acquisition of the Sprng Energy group, a renewables platform