PetroEnergy’s 50 MW Nabas Wind Project Earns FIT Pre-Qualification

Pasig—(PHStocks)—The Department of Energy (DOE) approved the confirmation of commerciality for the 50 MW Nabas wind prower project in Aklan being undertaken by PetroGreen Energy Coropration (PGEC) – the 100%-owned subsidiary of publicly-listed PetroEnergy Resources Corporation (PERC). In confirming the Nabas project commercial, the DOE also approved the conversion of PGEC’s service contract from pre-development to the development stage, with a total contract life of 25 years until 2034.

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