Press Releases

BESS Supply Agreement Signed for MTerra Solar

BESS Supply Agreement Signed for MTerra Solar

Hong Kong — December 6, 2024 — Terra Solar Philippines Inc. (TSPI), a unit of MGEN Renewable Energy Inc. (MGreen), signed a Battery Energy Storage Systems (BESS) Supply Agreement with Huawei International,...

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MTerra Solar Project Breaks Ground: A Monumental Milestone in the Philippines’ Renewable Energy Transition

MTerra Solar Project Breaks Ground: A Monumental Milestone in the Philippines’ Renewable Energy Transition

Nueva Ecija, Philippines, November 21, 2024 – Terra Solar Philippines, Inc. (TSPI), together with Meralco PowerGen Corporation (MGEN) and SP New Energy Corporation (SPNEC), officially broke ground for the Terra Solar Project — the world’s largest integrated solar and battery storage facility. President Ferdinand R. Marcos Jr. and Meralco Chairman and CEO Manny V. Pangilinan (MVP) co-led the groundbreaking ceremony, alongside leaders from Meralco, MGEN, SPNEC, and Actis.   With construction now in full swing, the landmark project represents a transformative leap forward in the Philippines’ quest for a cleaner and more sustainable energy future.

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MGEN and SPNEC Announce a Strategic Partnership with Actis

MGEN and SPNEC Announce a Strategic Partnership with Actis

Meralco PowerGen Corporation (MGEN) and its subsidiary, Solar Philippines New Energy Corporation (SPNEC) have agreed to enter into a strategic partnership with Actis to invest in a 40% equity stake in Terra Solar Philippines, Inc. (“Terra Solar”) – poised to be the...

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In the News

MGen gets OK to resume work on Bulacan solar power project

By Lenie Lectura |Business Mirror   The Meralco PowerGen Corp. (MGen) has been cleared by the local government to partially resume work on its P4.25-billion solar power project in Bulacan. “We have been given partial authority to restart work there because we...

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Meralco commits to develop solar projects by 2020

By Alena Mae S. Flores | Manila Standard   Manila Electric Co. through power unit Meralco PowerGen Corp. has committed to develop 224 megawatts of solar power facilities by 2020. “Recognizing the role of renewable energy in the overall dispatch, its inevitability...

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Meralco to begin work on Bulacan solar plant shortly

By Alena Mae S. Flores | Manila Standard   PowerSource First Bulacan Solar Inc., a consortium composed of Meralco PowerGen Corp. and its partners, plans to start construction of a 50-megawatt solar power project in San Miguel, Bulacan this month. “We had to wait...

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Meralco’s revised CSP rules spark interest of top firms

By Lenie Lectura | Business Mirror   The Manila Electric Co.’s (Meralco) revised bidding rules for the second round of the competitive selection process (CSP) for 1,200-megawatt (MW) capacity sparked the interest of conglomerate San Miguel Corp. (SMC) and Ayala...

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Coal to keep big share in Asean’s power-generation mix

By: Ronnel W. Domingo  | Philippine Daily Inquirer   Adoption of cleaner technologies for coal-fired power plants is vital for Southeast Asian countries like the Philippines considering that this fossil fuel will continue to cover a significant part of the...

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Meralco pushes for high efficiency, low emission plant

By JORDEENE B. LAGARE | Manila Times   TAIPEI, Taiwan: The Manila Electric Co. ( Meralco) is pioneering the utilization of high efficiency, low emission ( HELE) technology in the Philippines, its officials said. Meralco is making the push through its power...

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Meralco vouches for new coal technology

By Jed Macapagal | Malaya   Manila Electric Co. (Meralco) and its power generation subsidiary Meralco PowerGen Corp. (MGen) are hopeful the Philippines will be amenable to the entry of more high efficiency, low emission (HELE) coal-fired power plants. The...

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