EPI signs an agreement with Shell

Emerging Power Inc. (EPI) signed an agreement with Shell Overseas Investments B.V. (Shell) to jointly develop, own, operate, and maintain onshore renewable energy projects in the Philippines.

The EPI-Shell venture is targeting 1 gigawatt (GW) by 2028 with ambitions to contribute up to 3 GW into the country’s renewable capacity by initially rolling out a series of projects in Luzon and Visayas.

The focus will be on utility-scale solar PV while evaluating opportunities in onshore wind and energy storage systems. Based on industry data, a gigawatt of solar PV can supply the annual daytime consumption of over 1.2 million homes in the country.

This joint venture is an opportunity to provide integrated value to customers through exploring synergies with Shell Energy Philippines, Inc.

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