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,...

read more
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.

read more
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...

read more

In the News

Meralco secures favorable outlook

By Chito Lozada The Daily Tribune    Dominant power distributor Manila Electric Co. (MER) shares remain attractive as a result of recent diversifications and it may even give a 35.44 percent a year upside from its current trading price of P274 to around P370...

read more

BulacanSol provides Phl clean, renewable energy

By Joe Zaldarriaga The Daily Tribune    According to the National Oceanic and Atmosphere Administration, the last four years have been the warmest in 139 years. The current warming trend is the result of human emissions of greenhouse gases into the atmosphere,...

read more

Rizal solar plant

By Manila Standard PH Renewables Inc., a subsidiary of Global Business Power Corp., celebrates the groundbreaking of its first solar power plant in the Philippine Communications Satellite Corp. grounds in Baras, Rizal. With a capacity of 115-megawatt peak, the project...

read more

115MW solar farm to power Luzon

By Maria Romero | Daily Tribune   Global Business Power Corporation (GBP) subsidiary PH Renewables Inc. has started construction of a 115-megawatt (MW) solar power plant in Baras, Rizal. The project is expected to commence commercial operations in 2022.  The solar...

read more

Global Business Power to build 115MWp solar plant in Rizal

By Myrna Velasco | Manila Bulletin   Global Business Power Corporation (GBP) of businessman Manuel V. Pangilinan’s conglomerate, will be building a 115-megawatt peak (MWp) solar power facility in Rizal that it targets to bring on commercial stream next year.  The...

read more

Philippines’ further shift to clean energy

By Adrian Paul B. Conoza BusinessWorld    The country’s energy grid continues to shift away from traditional sources and further to renewable ones. This was highly noticed in the past months as concerns on individual health and environmental welfare heightened...

read more

50¬MW Bulacan solar power plant starts operation

By People’s Journal Sunday    The Luzon grid has additional sources of dean and renewable energy as PowerSource Hist Bulacan Solar, Inc. has started commercial operations. This, as the Energy Regulatory Commission cleared the commercial operation for the 50­megawatt...

read more

Bulacan solar energy facility goes online

By Jordeene Lagare Manila Times   PowerSource First Bulacan Solar Inc. (PFBSI) has switched on its 50-megawatt (MW) solar power plant in San Miguel, Bulacan. The P4.25-billion solar facility, now called BulacanSol, commenced commercial operations and is providing...

read more

MGen’s 50-MW solar plant starts operations

By Myrna Velasco Manila Bulletin   The load network of Manila Electric Com­ pany (Meralco) has gained additional supply source in these summer months, as the 50­ megawatt PowerSource First Bulacan Solar Inc. (PFBSI) of its subsidiary Meralco PowerGen Corporation...

read more