Shell Energy Philippines (SEPH) and Greenlight Renewables have signed a 15-year power supply agreement deal for phase 1 of the San Isidro solar power project in Leyte. Under the deal, Shell will offtake electricity from the 120 MWp solar installation.
Overview of the Shell-Greenlight San Isidro Solar Power Project in the Philippines
Developer: Greenlight Renewables Holdings via subsidiary San Isidro Solar Power Corp
Offtaker: Shell Energy Philippines
Location: Leyte in Visayas region, Philippines
Phase 1 Capacity: 120 MWp
Contract Term: 15 years
Commercial Operation Date: Q2 2026
Agreement: Shell will purchase the full output of the solar farm’s phase 1 for distribution to commercial and industrial customers.
Significance:
- First power supply agreement for Greenlight since its formation.
- Renewable energy growth in the Visayas region and meeting of Philippines’ decarbonization goals.
San Isidro Solar Power Project Timeline
Pre-2025: Project development with Greenlight Renewables – an Emerging Power Inc. and Shell Overseas Investments JV – advancing site selection and permitting for the San Isidro solar power farm in Leyte.
November 2025: Shell Energy Philippines (SEPH) and Greenlight sign a 15-year power supply agreement for phase 1 of the San Isidro solar power project with 120 MWp capacity.
Q3 2025 Onward: Project testing and commissioning continues ahead of grid connection and final commissioning.
Q2 2026: Target for start of commercial operations of San Isidro solar power project phase 1.
Post Q2 2026: Expansion plans set for San Isidro solar power project.
More on Shell’s San Isidro Solar Power Project Deal
The Shell-Greenlight solar power deal in Leyte comes at a time when renewable energy deployment in the Philippines is on the rise. The country is also home to the billion-dollar Terra solar-battery storage project expecting to start operations in early 2026.
For Shell, the deal supports its renewable energy portfolio and its objective of delivering cleaner energy to its customers in the Philippines. Greenlight’s supply deal also marks a major milestone for the San Isidro Solar Power Project in Leyte. It also sets precedence for further expansion in the Philippines solar market.
Outlook on Shell’s Solar Power Deal in the Philippines
With commissioning targeted for Q2 2026, San Isidro solar power project in Leyte is expected to begin delivering power relatively soon. The 15-year Shell deal also gives exposure to a steady revenue stream. Future phases beyond the initial 120 MWp are also expected to make the build-out a larger solar complex.
