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MGEN Unit Expands Handumanan Reforestation in Panay

MGEN, West Visayas State University, and DENR officials form partnerships for reforestation efforts in Lambunao, Iloilo. WVSU-CAF Campus Administrator Dr. Joel A. Araquil, Sr.; MGEN Thermal Chief Operating Officer Arnel L. Santos; MGEN Thermal Panay Site Head Antonio...

MTerra Solar Announces Board Reorganization as Project Nears Grid Injection

Spanning four municipalities across Nueva Ecija and Bulacan, MTerra Solar Project is set to become the world’s largest integrated solar and battery storage facility Pasig City, Philippines — 23 January 2026 — Terra Solar Philippines Inc. (MTerra Solar), an affiliate...

MEDIA STATEMENT: Update on SPNEC Company Name Change

Pasig City, Philippines – 22 January 2026 —This is to confirm that SP New Energy Corporation (SPNEC), a renewable energy subsidiary of Meralco PowerGen Corporation (MGEN), has filed today with the Securities and Exchange Commission (SEC) an application to change its...

MEDIA STATEMENT: SPNEC Clarification on DOE-Reported Solar Service Contracts

Pasig City, Philippines – 18 January 2026 — SP New Energy Corporation (SPNEC) wishes to clarify that it is not liable to pay the Php 24 billion penalties quoted by the Department of Energy (DOE) for the terminated service contracts of Solar Philippines. Of the 12,000...

MEDIA STATEMENT: MGEN’S INVESTMENT IN SP NEW ENERGY CORPORATION (SPNEC)

Pasig City, Philippines – 11 January 2026 — Meralco PowerGen Corporation (MGEN) today clarifies that SP New Energy Corporation (SPNEC) is a separate and distinct corporate entity from Solar Para Sa Bayan Corporation (SPBC). MGEN did not acquire any share in SPBC,...

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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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