PNOC Renewables

Name

PNOC Renewables

Legal name

PNOC Renewables Corporation

Website

https://pnoc-rc.com.ph

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Development

NAICS

Geothermal Electric Power Generation (221116), Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)

akta.pro secondary industries

Geothermal Power Plant EPC & Construction (Surface Facilities, Balance of Plant) (EUAMAEAE), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Hydropower Plant EPC (Dam, Run-of-River, Pumped Hydro Civil Works) (EUAEAAAD)

Keywords

• Renewable energy development
• Geothermal power generation
• Solar PV installation
• Hydropower projects
• Energy efficiency services

Headquarters

HQ city

Taguig

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Others

Revenue model

1. Renewable Energy Project Development: PNOC RC develops and operates renewable energy projects including geothermal, solar, and hydropower facilities. The company holds service contracts awarded by the Department of Energy (DOE) and operates at various stages from pre-development to commercial operation. Revenue is generated through project ownership stakes (e.g., 10% stake in Maibarara Geothermal Inc.) and technical service fees.
2. Technical Services to Government and Private Developers: PNOC RC provides technical assistance to government agencies and private renewable energy developers, including preparation of technical studies, bidding assistance, owner's engineering services, and operation and maintenance of installed systems. Services include energy audits, project development support, and compliance assistance.
3. Energy Efficiency Services: As a DOE-accredited Energy Service Company (ESCO), PNOC RC implements energy-efficient lighting systems under revenue-sharing arrangements, financing, installing, and maintaining LED fixtures with costs recouped from calculated monthly savings.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

PNOC Renewables Corporation develops, implements, and operates renewable energy projects across geothermal, solar PV, hydropower, and biomass technologies under DOE service contracts. The company holds project ownership stakes (notably a 10% interest in the 32-44MW Maibarara Geothermal Plant), delivers solar PV rooftop and hydropower installations on government facilities, and provides energy efficiency and technical services as a DOE-accredited Energy Service Company (ESCO).

Product overview

PNOC Renewables Corporation (PNOC RC) is a Philippine government-owned and controlled corporation mandated to pursue renewable energy and energy efficiency projects. The company operates a portfolio of renewable energy products including solar PV rooftop installations on government buildings (ranging from 40kWp to 1050kWp), utility-scale hydropower (1MW Rizal Plant), and geothermal power (32MW Maibarara with expansion). Supporting services include the Government Energy Management Program (GEMP) for energy audits and solar demonstrations, technical services for private RE developers and government agencies, and solar-assisted EV charging stations. The company functions as a Renewable Energy Developer and holder of DOE service contracts, providing technical expertise rather than a unified software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Maibarara Geothermal Plant (32-44MW) Integrated geothermal power facility comprising steamfield, power station, and transmission line. PNOC RC holds a 10% stake in joint venture company Maibarara Geothermal Inc. The plant has a 115kV transmission line connected to the Luzon grid through Meralco.
• Rizal Hydropower Plant (1MW) 1MW run-of-irrigation hydropower project in Rizal, Nueva Ecija developed in collaboration with the National Irrigation Administration (NIA). Harnesses hydropower from existing irrigation systems with annual generation of 4.64 GWh.
• Solar PV Rooftop Installations on Government Buildings Rooftop solar photovoltaic installations on government buildings across the Philippines, ranging from 40kWp to 1050kWp, including projects at the House of Representatives, Philippine International Convention Center, Philippine Heart Center, Bangko Sentral ng Pilipinas, Philippine Coconut Authority, Department of Science and Technology, Commission on Audit, University of the Philippines Diliman, and Naga LGU. Total installed capacity of 1.42MW across government facilities.
• Solar-Assisted EV Charging Stations (EVCS) Solar-assisted electric vehicle charging station installations at various government locations including Clark Development Corporation, Subic Bay Metropolitan Authority, and DOE-Luzon Field Office, integrating solar generation with EV charging infrastructure.
• NIA ARIS 2 Hydropower Project (1MW) 1.0 MW hydropower project (ARIS Sta. 3+611) with expected annual generation of 4,601,628 kWh and projected annual revenue of approximately Php32,211,396. Developed via JV partnership awarded by PNOC RC Board in December 2022.
• Government Energy Management Program (GEMP) Energy efficiency assessment and solar demonstration projects for Local Government Units (LGUs) and government agencies, conducted pursuant to RA 11285 (Energy Efficiency and Conservation Act). Includes energy audits of LGUs and installation of solar demonstration projects.
• ESCO LED Lighting Installation Services Energy-efficient LED lighting installation services for government institutions, replacing traditional fluorescent and CFL fixtures. PNOC RC, as a DOE-accredited Energy Service Company (ESCO), finances, installs, and maintains lighting fixtures under a revenue-sharing arrangement, recouping costs from calculated monthly savings.
• Technical Services to Government Agencies and Private RE Developers Pre-development and operational technical services to government agencies (bidding preparation, owner's engineering, O&M) and private renewable energy developers (service contract acquisition, permits, licenses, interconnection and power supply agreements, DOE compliance). Includes MOA-based engagements with House of Representatives, DOE, and private RE developers for 100MWp Solar Farm and 100MWe Wind Power Projects in Cagayan.

Quantifiable outcome

• CO2 reduction of approximately 1,991 tonnes annually from 1MW hydropower project
• +3 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• ThermaPrime Drilling Corp. (TDC)minorImplementation/ SI/ Consulting Partner · 30 July 2026Contracted by Maibarara Geothermal Inc. (in which PNOC RC holds 10% stake) for 2026-2027 exploratory drilling campaign targeting depths of 2,100 to 3,000 meters in Batangas and Laguna provinces.
• Private RE Developer - 100MWe Wind PowerminorStrategic or Co-development Partner · 27 April 2022PNOC RC signed MOA for technical services to assist in pre-development activities for 100MWe Wind Power project in Cagayan.
• Department of Energy (DOE)coreStrategic or Co-development Partner · 18 March 2022MOA signed March 18, 2022 for GEMP implementation including energy audits of 375 LGUs and installation of 3 solar demonstration projects pursuant to RA 11285.
• Private RE Developer - 100MWp Solar FarmminorStrategic or Co-development Partner · 18 March 2022PNOC RC signed MOA for technical services to assist in pre-development activities for 100MWp Solar Farm project in Cagayan. Services include securing service contract, permits, and interconnection agreements.
• House of RepresentativescoreStrategic or Co-development Partner · 1 May 2021PNOC RC acts as technical partner for 200kWp Rooftop Solar Project and E-vehicles/charging stations acquisition. Provides bidding preparation, owner's engineering, and 3-year O&M services.
• National Irrigation Administration (NIA)coreStrategic or Co-development Partner · 7 November 2012Collaborated with NIA to harness hydropower from irrigation systems. MOA signed November 7, 2012 for development of initial 6 sites. PNOC RC secured service contract for Rizal Project in February 2014.
• PetroGreen Energy Corp. (PGEC)coreStrategic or Co-development PartnerJoint venture partner in Maibarara Geothermal Inc. (MGI) with 65% ownership stake. PGEC leads the geothermal project development and operations.
• TransAsia Oil & Energy Development Corp. (TAO)coreStrategic or Co-development PartnerJoint venture partner in Maibarara Geothermal Inc. (MGI) with 25% ownership stake. MGI operates the 32-44MW geothermal facility in Batangas.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Energy Development Corporation (EDC): EDC is the Philippines' largest geothermal producer and a Lopez-owned IPP with multi-technology RE exposure. It directly compares to PNOC RC on geothermal core capability, government partnership heritage, and the integrated generation-plus-transmission model exemplified by Maibarara's 115kV line.
• SN Aboitiz Power Group: SN Aboitiz Power is a Philippine hydropower-focused IPP operating the Magat and Binga dams and developing pumped-storage and run-of-river hydro. Directly comparable to PNOC RC on small-to-mid hydropower capability and government/JV-led project development in the Philippines.
• TransAsia Oil & Energy Development Corp: TransAsia holds 25% of Maibarara Geothermal Inc. alongside PNOC RC and has direct geothermal and hydropower investments in the Philippines. The shared MGI ownership makes it a direct JV-level comparable for geothermal asset exposure and Philippine RE development strategy.
• PetroGreen Energy Corp: PetroGreen is the 65% controlling JV partner in Maibarara Geothermal Inc. alongside PNOC RC. It is a Philippine renewable energy developer with a portfolio spanning geothermal, wind, and solar, making it the most directly comparable peer given the shared Maibarara asset and RE development mandate.

Broad incumbents

• First Gen Corporation: First Gen is one of the Philippines' largest independent power producers with major geothermal (BacMan, MakBan), hydro, wind, and solar assets. It is comparable as a broad-incumbent RE IPP that PNOC RC could partner with or compete against in service contracts and JV selection processes.
• Aboitiz Power Corporation: Aboitiz Power operates a diversified Philippine generation portfolio including substantial hydropower (Magat, Binga, Ambuklao) and is expanding into solar and wind. Comparable to PNOC RC as a major Philippine IPP with hydropower and broader RE focus, often acting as a JV partner of choice.
• AC Energy Philippines: AC Energy is the Ayala group's listed Philippine power platform with solar, wind, and geothermal exposure and active JV development across Luzon and Visayas. Comparable as a broad-incumbent RE IPP competing for similar service contracts and JV opportunities in the Philippine market.

Emerging players

• Vena Energy Philippines: Vena Energy is an Asia-Pacific renewable energy developer with a growing Philippines presence in solar and wind. Comparable as an emerging private-sector RE developer that PNOC RC may partner with via its technical services MOAs or compete against for DOE service contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pnoc_rc
• Facebookfacebook.com/pnocrc
• LinkedInlinkedin.com/company/pnoc-renewables-corporation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PNOC Renewables