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...
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
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...
Management changes at Meralco power subsidiary seen
By Myrna Velasco Manila Bulletin Top management changes are being firmed up to be enforced by the end of this month at the Meralco PowerGen Corporation (MGen), the power generation arm of Manila Electric Company (Meralco), according to highly placed sources. Jaime...
A1E-supported fisherfolk group now a registered cooperative
By The Daily Tribune Atimonan Coastal Food Production Association, the local fisherfolk group in Quezon province supported by Atimonan One Energy Inc. (A1E), has been officially registered as a cooperative. Now called Atimonan Coastal Food Producers Cooperative...
GBP extends help to Iloilo City’s COVID-19 pandemic response
By Panay News and The Daily Guardian Present during the turnover of GBP’s assistance to Iloilo City’s pandemic aid were (from left to right) GBP Community Relations officer Michael Guanco, Iloilo City’s LGU representative Arjay Biñas, and GBP Community Relations...
GBP EXTENDS HELP TO ILOILO CITY’S COVID19 PANDEMIC RESPONSE.
By Business Mirror Global Business Power Corporation (GBP), through subsidiaries Panay Energy Development Corporation (PEDC) and Panay Power Corporation (PPC), donated food to MECQ-affected residents of lloilo City amid rising COVID19 cases. In response to the...
Global Business Power to build first solar plant in Rizal
By Power Philippines Manny V. Pangilinan-led Global Business Power Corporation (GBP) has begun construction works on its first solar power plant. Located inside the Philippine Communications Satellite Corporation’s (PHILCOMSAT) 135-hectare property in Baras, Rizal,...
GBP starts construction of 115 MW peak solar plant in Rizal
PH Renewables, Inc. (PHRI), a subsidiary of Global Business Power Corporation (GBP), recently celebrated the groundbreaking ceremony of its first solar power plant in Baras, Rizal. With a capacity of 115 MW peak, the project is expected to commence commercial...
PH Renewables breaks ground on 115-MW solar site
By Alena Mae Flores Manila Standard PH Renewables Inc., a subsidiary of Global Business Power Corp., broke ground on its first 115-megawatt solar power plant in Baras, Rizal, signaling the start of construction. The project is expected to commence commercial...
GBP breaks ground for 115-MW peak solar plant
By BusinessWorld A UNIT of Global Business Power Corp. (GBP) has begun the construction of its 115-megawatt (MW) peak solar plant in Baras, Rizal, marking the firm’s foray into renewable energy (RE), it said on Tuesday. The power plant, which will be built by PH...