Shell Overseas Investments B.V has signed an agreement with Nickel Asia Corporation’ s renewable energy subsidiary Emerging Power Inc., for develop and operate 1 GW solar project in Philippines.
The joint venture is targeting scalable up the renewable energy to 3 GW by 2028 . EPI-Shell said they will not only focus on utility-scale solar projects but also evaluating opportunities in onshore wind and energy storage systems.
A 1 GW capacity can supply the annual daytime consumption of more than 1.2 million Philippine homes, they said in a statement.
“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 ESG investment in the country,” said Antonio Zamora，president and CEO Martin in NAC.
“Working with partners and developing new collaborations is key to accelerate 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,” said Lorelei Q. Osial ，Country Chair of Shell companies in Philippines .
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