Partner Content November 28, 2025

Shell Energy, Greenlight Renewables Forge Partnership for Leyte Solar Project

The long-term partnership signals stronger private-sector investment in renewable energy.

Shell Energy Philippines, Inc. (SEPH) has signed a 15-year Power Supply Agreement (PSA) with Greenlight Renewables Holdings, Inc., through Greenlight’s wholly-owned subsidiary San Isidro Solar Power Corp., for the purchase of electricity from a ground-mounted solar farm located in Leyte. Under the 15-year agreement, SEPH will purchase 120 megawatts peak (MWp) of electricity from Phase 1 of the San Isidro Solar Power Project.

“Our strong partnership with Greenlight, along with our decision to fully offtake from this project, reflects Shell’s commitment to providing cleaner and more affordable energy solutions to the country and supports our growth aspirations in the power industry for years to come,” said Bernd Krukenberg, President of Shell Energy Philippines, Inc.

The project marks an important milestone as it aligns with Shell’s 111 years in the Philippines and SEPH’s fifth year of operations in the country. Commercial operations for Phase 1 of the San Isidro Solar Power Project are slated for the second quarter of 2026, making it a timely addition to the Visayas grid, where demand continues to climb due to industrial growth.

Supporting Energy Security and Decarbonization

The project reflects a major step toward the shift to cleaner infrastructure. It reinforces the significance of renewables in boosting energy security—one of the country’s most persistent economic concerns. As grid constraints, fluctuating fuel prices, and climate-driven disruptions place pressure on energy supply, dependable renewable projects are instrumental in stabilizing long-term power availability.

“We are proud to see the San Isidro Solar Power Project move from vision to reality through this collaboration with SEPH and other partners. Our teams are working tirelessly to deliver this project, which will contribute to energy security and support the Philippines’ clean energy and sustainability goals,” said Greenlight President and CEO Jasmin Agbon.

Greenlight Renewables, a joint venture between EPI and SOIBV, is focused on developing, owning, and operating large-scale renewable energy projects in the Philippines. It has completed the 120 MWp Phase 1 of the San Isidro Solar Power Project, which is now undergoing testing and commissioning and is already supplying energy to the grid. EPI serves as the clean energy arm of Nickel Asia Corporation.

Increase Market Share Through C+I Clients

As the registered retail electricity supplier of the Shell companies in the Philippines, SEPH aims to supply the solar-generated electricity directly to commercial and industrial customers, a fast-growing segment that increasingly prioritizes stable pricing and decarbonization. The agreement with Greenlight strengthens SEPH’s clean energy portfolio and aligns with its ambition to grow its market share within the next five years, reinforcing its commitment to providing reliable and sustainable energy supply.

This move supports a growing market trend: businesses are increasingly shifting to renewable sources not only for sustainability, but for cost efficiency and price stability. With a 15-year PSA in place, corporate customers can expect more predictable rates—an advantage in a market often affected by global fuel price volatility.

For updates and information on future initiatives, follow Shell Pilipinas Corporation on Facebook, TikTok, Instagram, YouTube, and LinkedIn, and visit its official website.

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