PetroEnergy Resources Corporation (PERC) is a Philippine energy company under the Yuchengco conglomerate. It was looking to meet the country's renewable portfolio standards (RPS) requirements ahead of the 2020 implementation. RPS is policy mandating that energy producers must produce a certain percentage of their energy from renewable sources.
PERC was also keen on diversifying its geothermal and wind energy-heavy renewable portfolio. With Tarlac-1 performing well and extra land available nearby, PERC expanded the photovoltaic (PV) installation through PetroSolar , Its solar joint venture with sister company, EEI Corporation.
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