Press Releases

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...

MGreen’s Terra Solar Project gets BOI’s Green Lane Certificate
In line with the Philippine government’s thrust for a more diversified and balanced energy mix to address the nation's energy security concerns, the Board of Investments (BOI) has given MGEN Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen...

Energy Executive Emmanuel V. Rubio takes the helm as President of Meralco’s Power Generation Unit
Meralco PowerGen Corporation (MGen), the power generation investment unit of Manila Electric Company (Meralco), has officially appointed energy executive Emmanuel V. Rubio as its President and Chief Executive (CEO) Officer starting July 1, 2024. Rubio brings a wealth...
In the News
Luzon grid to soon get boost from Meralco group’s solar plant
By Philippine Daily Inquirer More power generation capacity is expected to be added to the Luzon grid as construction of a 115-megawatt solar power plant in Baras, Rizal province, has started and commercial operation is slated for next year, according to Global...
A vital resource of modern reality
By Orlando Oxales Manila Standard Before the pandemic, the Department of Energy and the power industry already warned of tight power supply which according to National Grid Corporation of the Philippines (NGCP) data was already alarming in 2019 with 51 yellow alerts...
GBP starts solar plant construction in Rizal
By Jordeene Lagare Manila Times Global Business Power Corp. (GBP), through subsidiary PH Renewables, Inc. (PHRI), started the construction of its 115-megawatt (MW) solar power plant in Baras, Rizal. The solar facility, located within a 135-hectare area inside...
Meralco nears full coverage
By Maria Romero The Daily Tribune Tycoon Manuel V. Pangilinan-led Manila Electric Company (Meralco) is only several households away from hitting a long-held target to connect all households in its franchise area to the electricity network. During the company’s...
Meralco says sales in April rose 3% after lax ECQ rules
By Alena Mae Flores Manila Standard Manila Electric Co., the biggest retailer of electricity, posted a three-percent increase in sales in April, reflecting a recovery from demand year-on-year. Meralco attributed the higher April sales to “mainly due to less strict...
Meralco sales volume up
By Danessa Rivera Philippine Star MANILA, Philippines — Manila Electric Co. (Meralco) managed to grow its sales volume by three percent in the first four months of the year, showing signs of recovery despite the continuing pandemic. “The first few months of the...
Firm’s ER 1-94 remittances help build lab in Iloilo City
By Manila Standard Global Business Power Corporation (GBP), through subsidiaries Panay Energy Development Corporation (PEDC) and Panay Power Corporation (PPC), has supported Iloilo City and its efforts to fight COVID-19 through Energy Regulations 1-94 (ER 1-94)...
Meralco to source 1,500-MW renewable power in next 5 years
By BusinessWorld MANILA Electric Co. (Meralco) plans to draw on renewable energy (RE) sources for 1,500 megawatts (MW) of its power needs in the next five years as the firm ramps up the construction of utility-scale renewables plants, a company official said on...
Belated reaction
By Mary Ann Reyes Philippine Star The scorching heat we are currently experiencing is due to the fact that we are still in the so-called Philippine summer months, so-called since we do not actually have a summer season. Unfortunately, because most of us are...
BULACANSOL BAGONG PANGALAN SA INDUSTRIYA NG RENEWABLE ENERGY
By Joe Zaldariagga Pilipino Mirror / Saksi AYON sa National Oceanic and Atmosphere Administration, ang nakaraang apat na taon ay maituturing na pinakamainit sa loob ng 139 na taon. Ang patuloy na pag-init ng panahon ay resulta ng inilalabas na greenhouse gas...