Press Releases
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,...
MGEN unit seals EPC contract with POWERCHINA for East-side Development of MTerra Solar Project
Pasig, Metro Manila, Philippines — November 29, 2024 — Terra Solar Philippines, Inc. (TSPI) officially signs an Engineering, Procurement, and Construction (EPC) contract with the Power Construction Corporation of China Ltd. along with its affiliates (Power China)....
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.
Terra Solar Awards EPC Contract to Energy China for World’s Largest Solar Power Plant
Pasig, Metro Manila, Philippines — November 18, 2024 — Terra Solar Philippines, Inc. (TSPI) signs the Engineering, Procurement, and Construction (EPC) contract with China Energy Engineering Group Co., Ltd (Energy China). This milestone marks a significant step in the...
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...
In the News
Policy tweaks to hasten RE adoption in PHL–Meralco
By Lenie Lectura | Business Mirror The Manila Electric Co. (Meralco) underscored the regulators’ role in breaking the barriers that would lead to a successful shift to renewable energy adoption. During the recent Asia Pacific Energy Week event, Meralco head of...
Sardines for life
The Atimonan Coastal Food Production Association (ACFPA), with the help of Atimonan One Energy Inc. (A1E), is not letting the bad news of increasing Covid19 cases, affect its fledgling Spanish sardines business. The group recently set its sights on coming up...
Meralco PowerGen sets ‘rebranding’ on Bulacan solar project
By Myrna Velasco | Manila Bulletin Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company (Meralco) will be pursuing a rebranding of its 50-megawatt PowerSource First Bulacan Solar Inc. (PFBS) project that is due on...
Safety in numbers
Manila Standard Atimonan One Energy, Inc. (A1E) recently achieved two million safe manhours without a lost-time incident (LTI), a milestone that cements the company’s commitment to security and quality in all its activities at its power plant site in Barangay Villa...
Meralco disqualifies 3 bidders for 1,800-MW supply contract
Manila Standard.Net Manila Electric Co. said Wednesday three of nine bidders were disqualified from participating in the competitive selection process for the supply of 1,800 megawatts over a 20-year period. Meralco said the third-party bids and awards...
Learning is a go in Quezon despite COVID-19
Manila Standtard.Net Over 9,000 books worth Php4.5 million were distributed recently by Atimonan One Energy, Inc. (A1E) and Rex Bookstore, Inc., to public high schools supervised by the Department of Education (DepEd) in Atimonan, Quezon. Atimonan...
SMC, Aboitiz Power join PSA auction of Meralco
Manila Bulletin SMC Global Power Holdings Corporation, the energy investment arm of San Miguel Corporation and Aboitiz Power Corporation, were among the big-ticket players in the power industry that submitted offers in the competitive selection process (CSP)...
9 firms bid for Meralco CSP
Philstar global MANILA, Philippines — Only nine generating companies submitted their bids to supply Manila Electric Co. (Meralco) with 1,800 megawatts (MW) of power through a competitive selection process (CSP). “Nine submissions were received by the deadline,...
Nine companies offering 1,800-MW supply to Meralco
Manilastandard.net Nine power companies with combined offers of 5,850 megawatts participated in the competitive selection process for the supply of 1,800 MW to Manila Electric Co. over a 20-year period. “Nine submissions were received by the deadline,...
Bidders raise offers for Meralco supply deal
Philstar Global MANILA, Philippines — Three groups which have expressed interest in participating in Manila Electric Co.’s competitive selection process (CSP) for 1,800 megawatts of power supply have raised their bids. Meralco head of utility economics Lawrence...