PetroEnergy said in a statement the higher consolidated income translated into a 401-percent increase in net income attributable to the equity holders of the parent company . The company’s renewable energy projects include the 20-megawatt Maibarara Geothermal Power Project in Batangas, the 36-MW Nabas Wind Power Project in Aklan and the 50-MW Tarlac Solar Power Project in Tarlac. “Our renewable energy facilities are showing good results in terms of energy yield and operational efficiencies. The company also obtained an environmental clearance for its Puerto Princesa Solar Power Project, the first utility-scale green power project in Palawan province. The company supplies 8.4 percent of wind power and 7.1 percent of solar power capacities in the Philippines.

Source: The Standard August 17, 2017 12:10 UTC