The Philippine Geothermal Production Company Incorporation (PGPC), a subsidiary of SM Investments Corporation, has announced plans to expand its renewable energy portfolio in the Philippines.
PGPC will explore and develop new geothermal energy sources in Luzon, specifically in Kalinga, Benguet, Cagayan, Camarines Norte, and Camarines Sur. These projects aim to build full-scale geothermal fields capable of producing up to 400 MW of additional renewable baseload power. PGPC targets completing these projects within five to seven years. This initiative is part of efforts to enhance energy security and support the Department of Energy’s goal of achieving 50 per cent renewable energy share by 2040.
