PetroGreen Energy Corp.'s Lim Bauan Solar Power Project Secures National Grid Approval, Marking a Significant Milestone in Philippine Renewable Energy

PetroGreen Energy Corp.'s Lim Bauan Solar Power Project Secures National Grid Approval, Marking a Significant Milestone in Philippine Renewable Energy

In a significant development for the solar industry in the Philippines, PetroGreen Energy Corp. (PGEC) has received approval from National Grid Corp. of the Philippines (NGCP) to connect the second phase of its 33.831-megawatt-peak (MWp) Lim Bauan Solar Power Project (LSPP-2) to the Luzon grid.

Technical Feasibility Confirmed

This milestone follows NGCP's earlier approval of a system impact study, which confirmed the technical feasibility of connecting LSPP-2 to the Tuguegarao-Cabagan 69-kilovolt transmission system. The project's first phase, or LSPP-1, had also received approval for a distribution impact study, distribution asset study, and connection agreement with Isabela II Electric Cooperative (Iselco-II).

Fast-Tracking Development

With these milestones achieved, PGEC is poised to fast-track the development and completion of both LSPP-1 and LSPP-2. LSPP-2 itself is a qualified solar project under the Green Energy Auction-2 (GEA-2) and has a December 2025 delivery commitment to the Department of Energy, said Vice President Maria Victoria Olivar.

Green Energy Initiative

The Lim Bauan Solar Power Project is an integral part of PGEC's green energy initiative, which aims to reduce reliance on fossil fuels and contribute to a sustainable energy future. The project's success will not only provide clean energy but also create jobs and stimulate local economies.

Industry Milestone

This approval marks a significant milestone for the solar industry in the Philippines, showcasing the country's commitment to renewable energy and its potential to drive economic growth. With the government's target of increasing renewable energy sources to 35% of the total energy mix by 2030, projects like LSPP-2 will play a vital role in achieving this goal.

Conclusion

In conclusion, PGEC's Lim Bauan Solar Power Project has taken a significant step forward with NGCP's approval. As the project continues to move forward, it is expected to create new opportunities and contribute to the country's transition to a low-carbon economy.

Keywords PetroGreen Energy Corp., Lim Bauan Solar Power Project, National Grid Corp. of the Philippines, Renewable Energy, Green Energy Initiative, Sustainable Energy Future

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.