YUCHENGCO-LED PetroEnergy Resources Corp. expects renewable energy (RE) to play a “key role” in helping provide stable power as it forecasts demand for reliable and efficient electricity supply to increase.
“We expect an increased move to digitization and technology-enabled services that are heavily dependent on reliable electricity and power supply,” said Dave P. Gadiano, head of energy trading and marketing of PetroGreen Energy Corp., the renewables subsidiary of PetroEnergy.
He said having a more resilient power supply can make the post-pandemic recovery to happen faster and easier.
“This is why we ensured that our RE facilities continue to operate despite the health crisis,” Mr. Gadiano said in a statement.
Under the Renewable Energy Act of 2008, plants run by solar, wind, geothermal and other renewable sources are “must dispatch,” which helped in stabilizing power supply even if most renewables facilities have variable output and many huge coal power plants were on shutdown due to repairs and fuel supply disruptions during the quarantine period.
“The government can further add to this grid resiliency by making geothermal, the most stable and weather indifferent RE source, as ‘must dispatch’ as well,” Mr. Gadiano said.
PetroEnergy and PetroGreen’s power plants were operational since the community quarantine, generating 26.81 gigawatt-hours of power from March 16 to May 31, 2020.
