Shell Energy Philippines Inc. (SEPH) said it signed a 15-year power supply agreement (PSA) with Greenlight Renewables Holdings Inc. to purchase the entire output of the 120-megawatt peak (MWp) San Isidro Solar Power Project in Leyte.
The agreement, which marks the first PSA for Greenlight since its establishment, will strengthen SEPH’s clean energy portfolio and advance the Philippines’ broader decarbonization efforts. Commercial operations for Phase 1 are targeted to begin in the second quarter of 2026.
Greenlight, a joint venture between Emerging Power Inc. (EPI) and Shell Overseas Investments B.V. (SOIBV), develops, owns and operates large-scale renewable energy projects in the country. The power will be supplied through Greenlight’s wholly-owned subsidiary San Isidro Solar Power Corp.
The 120-MWp Phase 1 of the Leyte solar farm is undergoing testing and commissioning and is already supplying energy to the grid.
SEPH, the registered retail electricity supplier of the Shell companies in the Philippines, intends to sell the solar-generated electricity to its commercial and industrial customers. EPI serves as the clean energy arm of Nickel Asia Corporation.
Shell Energy Philippines president Bernd Krukenberg said the decision to fully offtake from the project reflects Shell’s commitment to providing cleaner and more affordable energy solutions to the country and supports its growth aspirations in the power industry for years to come.
The project is also a significant milestone for Shell companies in the Philippines, coinciding with the celebration of 111 years of powering progress in the country and the 50th anniversary of SEPH in the Philippines.
Greenlight president and chief executive Jasmin Agbon said the collaboration ensures the project moves from vision to reality. The project will contribute to energy security and support the Philippines’ clean energy and sustainability goals, said Agbon.
