PNOC Renewables Corp
Republic Act 9513, otherwise known as the Renewable Energy Act of 2008, strives to find that balance by encouraging the research, development, utilization, and commercialization of renewable energy sources through government support and incentives. In support of this government policy, PNOC Renewables Corporation was established in 2008 to act as the government arm in promoting, developing, and implementing new and renewable energy sources in the country.
PNOC RC is embarking on an ambitious program of being instrumental in the government's goal of tripling the renewable energy capacity by 2030. On its own and in partnership with public and private institutions, PNOC RC shall pursue renewable energy and energy efficiency projects that will be beneficial to the Filipino people.
What is ESCO?
An ESCO or Energy Service Company is a business enterprise that develops, installs, and finances projects designed to improve energy efficiency and reduce operations and maintenance costs for its customers' facilities.