Petro Energy Resources Corp. (PERC) through its subsidiary Petro Green Energy Corp. signed a master supply agreement (MSA) with global solar panels manufacturer Trina Solar.
Trina Solar will supply 117 megawatts (MW) of high-performance solar modules to various projects in the Philippines led by PetroGreen’s subsidiary, Rizal Green Energy Corp. (RGEC) in Nueva Ecija, Pangasinan and Isabela.
Prior to this MSA, Trina Solar and Petro Green have been partners since 2015 for among others the delivery of 27 MW of solar modules to the Dagohoy solar project in Bohol due for completion this year.
PERC said the MSA will involve projects that will utilize more than 129,000 modules sufficient to power 53,800 households each year based on average consumption.
The agreement also allows Petro Green to explore a range of solar module types offered by Trina Solar which can be used for various applications like utility and commercial and industrial.
While the current MSA focuses on the supply of solar modules, both parties also acknowledge the potential for future collaboration in other areas such as the exploration of solar tracker systems and battery energy storage systems.
“Our continued partnership with Trina Solar signifies our commitment in ensuring that highest quality components and innovative technologies are deployed in our solar projects…We are delighted that this cooperation will significantly boost Philippine’s energy transition to renewable energy through solar power projects and will contribute to achieving a low-carbon future,” said Maria Victoria Olivar, Petro Green vice president for commercial operations and business development, in a statement.
