Press Releases
MGEN Unit Signs Largest PH Financing Deal
MGEN unit seals Php150 billion loan agreement for MTerra Solar Project, the world's largest integrated solar PV and battery energy storage system facility. Seen on the photo (from L-R): Metropolitan Bank & Trust Company Executive Vice President and Head of...
MGEN Outlines Path to Low Carbon Future
Cagayan de Oro City, Philippines – Meralco PowerGen Corporation (MGEN) reaffirmed its commitment to the country’s clean energy transition at the 2025 Philippine Electric Power Industry Forum (PEPIF), organized by the Independent Electricity Market Operator of...
MGEN Expands Clean Energy Portfolio With Completion of Three Solar Projects
MGreen Baras Solar in Barangay Pinugay, Baras, Rizal. This 80.1 MWac solar facility is expected to provide clean energy to around 81,000 households. This is the first solar power plant in the province of Rizal. Baras, Rizal, Philippines – 28 March 2025 –...
MERALCO POWERGEN (MGEN) UNIT MGREEN CLOSES TERRA SOLAR US$600 MILLION INVESTMENT BY ACTIS
METRO MANILA, PHILIPPINES, 17 MARCH 2025 – MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), announces the closing of the acquisition by Actis Rubyred (Singapore) Pte. Ltd. through its wholly-owned subsidiary Actis Rubyred...
MGEN Switches-On 52.8 MW Solar Power Facility in Isabela
MGreen Cordon Solar in Barangay Capirpiriwan, Cordon, Isabela. This 52.8 MWac solar facility is one of the biggest operational solar plants in the whole of Region 2 under the second Green Energy Auction (GEA II) program of the DOE and will provide clean energy to over...
In the News
Meralco PowerGen to join supply bidding
By Alena Mae Flores | Manila Standard Meralco PowerGen Corp. expressed interest to join the competitive selection process for the supply of 1,800 megawatts of base load power to Manila Electric Co. “Yes, MGen will join,” Meralco PowerGen president Rogelio...
Top power firms keen on Meralco CSP
By Lenie Lectura | Business Mirror The biggest power producers in the industry, including San Miguel Corp. (SMC), are now evaluating the bid terms released Thursday by the Manila Electric Co. (Meralco) for the 1,800megawatts (MW) Competitive Selection Process...
‘Coal plants to boost Luzon grid capacity’
By Lenie Lectura | Business Mirror Nearly 6,000 megawatts (MW) of total power generation capacity would be added to the Luzon grid until 2025, the Department of Energy (DOE) said. A report released Monday showed that bulk of the committed power projects as of...
MGen’s solar project in Bulacan set for grid impact study
by Adam J. Ang | BusinessWorld THE Department of Energy (DoE) signed off the solar farm project of Meralco Powergen Corp. (MGen) for a grid impact study. It endorsed the 50-megawatt (MW) renewables project of Manila Electric Co.’s (Meralco) power generation...
RP Energy teams up with One Meralco Foundation to fight COVID-19
By Manila Standard Redondo Peninsula Energy, Inc. (RP Energy), through the support of One Meralco Foundation, recently donated 26 desktop computers to support the Philippine Red Cross (PRC) in its efforts to fight the COVID-19 pandemic. The computers, will be used in...
Meralco unit resumes work on 2 power plants
By Myrna M. Velasco Manila Bulletin The power generation investment arm of Manila Electric Company (Meralco) has resumed development works and construction activities at its project-sites in Atimonan, Quezon and San Miguel, Bulacan as lockdown restrictions had already...
MGen resumes site activities in Quezon, Bulacan
By The Manila Times Meralco PowerGen Corp. (MGen) announced on Friday the resumption of site activities in Quezon and Bulacan provinces after the government eased quarantine restrictions this month. In a statement, the power generation arm of the Manila Electric Co....
MGen resumes construction of power plants
By Adam J. Ang, Business World Two project companies of Meralco Powergen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), have resumed site activities as the government further relaxed the quarantine measures in Luzon. Atimonan One Energy,...
Meralco bares plan to boost generation capacity to 3,000 MW
By Alena Mae S. Flores | Manila Standard Power retailer Manila Electric Co. is looking at generating 3,000 megawatts in the next five years, including 1,000 MW from renewable energy. “We are targeting around 3,000 MW within the next five years, with 1,000 MW allocated...
Meralco eyes 3,000 MW capacity
By Danessa Rivera | The Philippine Star MANILA, Philippines — Manila Electric Co. is eyeing 3,000 megawatts (MW) in capacity as part of its growth strategy for power generating unit Meralco Powergen Corp. (MGen). “We are targeting around 3,000 MW in the next five...