PetroGreen Energy Corp. (PGEC), the renewable energy unit of listed PetroEnergy Resources Corp. (PERC) led by the Yuchengco group, has entered a strategic partnership with China’s Ming Yang Smart Energy Group Ltd., one of the world’s top wind turbine makers, to advance offshore wind development in the country. The cooperation agreement signed last week centers first on the planned 2-gigawatt Northern Luzon Offshore Wind Project in Ilocos Norte, being carried out by PGEC affiliate Buhawind Energy Northern Luzon Corp. Under the deal, both sides will work together on technical, logistical, and economic assessments—including turbine technology selection, energy output projections, development strategies, and cost planning. Ming Yang will also support local capacity building by providing training and skills development in offshore wind technology and project development for engineering students, educators, and industry professionals across the Ilocos Region. Beyond offshore wind, the two companies are looking at possible wider collaboration across the renewable energy space, covering battery energy storage, solar power, and other clean technologies. Commercial terms and specific investment plans will be set out in separate agreements as individual projects move forward.
The partnership underscores PERC’s growing focus on building a diversified energy portfolio alongside its established operations. Its existing renewable energy assets include the 32-megawatt Maibarara geothermal facility in Batangas, the 70-MW Tarlac solar plant, the 27-MW Dagohoy solar project in Bohol, and the 19.6-MW San Jose solar facility in Nueva Ecija. The company also continues to manage its offshore oil interests in Gabon, Africa, where a third-phase drilling campaign is underway and set for completion by late this year, targeting a rise in daily field production from 15,000 to 18,000 barrels. This latest alliance strengthens PGEC’s position as a key player in the country’s emerging offshore wind sector, bringing in both advanced technology and international expertise to support the Philippines’ clean energy transition and long-term energy security goals.
