PetroEnergy wins antitrust nod for P1.9B buyout of PetroWind stake

What's the deal? PetroEnergy Resources CorpDealroom has a profile for this one. Try Dealroom →. (PERC) has won approval from the Philippine Competition Commission (PCC) to acquire the remaining 40% stake in PetroWind EnergyDealroom has a profile for this one. Try Dealroom → Inc. (PWEI). The transaction is valued at about P1.9 billion, or P243.15 per share, and will be settled via electronic bank transfer once closing requirements are met.

Why now? The deal stems from a Share Purchase Agreement signed on December 18, 2025. PERC disclosed on Wednesday that it received an official email from the PCC on Monday confirming the clearance, with a full decision and certification to follow.

What's the endgame? PERC will buy the 7.81 million common shares held by Dutch firm BCPG Wind Cooperatief UA. Once finalised, PERC and its 75%-owned subsidiary PetroGreen EnergyDealroom has a profile for this one. Try Dealroom → Corp. (PGEC) will jointly own all of PWEI, operator of the 49.2-megawatt Nabas Wind Power Project in Aklan.

The wind farm sits within PERC's renewable portfolio alongside solar and run-of-river hydro developments. Full ownership gives the group more room to manage operations, financing, and expansion.

Consolidating control, PERC said, will "give PERC and PGEC complete control over governance, financing and strategic decisions" and is expected to streamline decision-making, improve capital allocation, and strengthen long-term growth.

The signal: The buyout lands as renewable developers push deeper into wind, solar, and hydro to back the country's energy transition and cut its reliance on imported fossil fuels.

Image credit: denisbin