PetroGreen Energy Corp., the renewable holding unit of publicly-listed PetroEnergy Resources Corp., said Tuesday it secured regulatory approvals for two new utility-scale solar power projects.
These projects are the 25-megawatt Bugallon solar project in Pangasinan and the 27-MW Dagohoy solar project in Bohol.
“We have secured the solar energy operating contracts from the Department of Energy and the corresponding environmental compliance certificate from the Department of Environment and Natural Resources for these two new ventures,” PERC assistant vice president Maria Victoria Olivar said.
“Resolutions of support for the projects have also been granted by the local governments of Pangasinan and Bohol, for which we are grateful. Our final investment decision now awaits the closing of ongoing discussions with selected contractors and project lender,” Olivar said.
PERC president Milagros Reyes said the two new solar projects are part of the company’s calibrated expansion of renewable energy assets.” Alena Mae S. Flores