Yuchengco nears commercial run of 3 renewable energy projects

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June 28, 2026 | 12:00am

MANILA, Philippines — The Yuchengco Group remains on track toward the commercial operation of its three renewable energy (RE) projects in Luzon and the Visayas.

Yuchengco-led PetroWind Energy Inc. has secured approval from the Independent Electricity Market Operator of the Philippines (IEMOP) to begin commercial power delivery from its 13.56-megawatt (MW) Nabas-2 wind farm in Aklan.

This effectively allows the project to sell its generation output in the country’s spot market, the centralized venue for electricity trading.

A winner of the government’s first green energy auction (GEA-1), Nabas-2 received provisional authority to operate from the Energy Regulatory Commission last month.

Similarly, the ERC has issued a certificate of compliance for another Yuchengco project, the 33.8-MWp Limbauan-2 Solar in Isabela, confirming its readiness to deliver power to the grid.

The solar farm is now awaiting IEMOP’s go-signal to participate in the spot market.

Also moving toward commerciality is the 25-MWp Bugallon Solar in Pangasinan, which recently secured clearance for its point-to-point grid connection.

The facility has been undergoing grid compliance testing with the National Grid Corp. of the Philippines since its commissioning on April 18.

Developed by PetroGreen Energy Corp. (PGEC), both solar projects secured wins in the GEA-2 round, locking in long-term revenue certainty.

“These approvals over the past two months bring these three projects of PetroGreen subsidiaries closer to full commercial operations, further strengthening our company,” said Dave Gadiano, PGEC assistant vice president for power markets.

“Their full operation will add capacity to our RE portfolio, increase PGEC’s revenue stream and deepen our reliability for meeting service contracts and GEA commitments to the Department of Energy,” he added.

In the first quarter, RE assets remained the Yuchengco Group’s primary revenue driver for the power business, with electricity sales rising on the back of additional wind and solar capacity.

However, the planned maintenance shutdown at its geothermal plants in March tempered gains from other facilities.