Latest News​

MGEN Provides ₱1.2 Million Scholarship Support to 20 Mano Amiga Scholars

MGEN and Mano Amiga Philippines representatives formalize their partnership through the signing of an agreement providing ₱1.2 million in scholarship support for 20 students for School Year 2027-2028. Seen on the photo are (from L-R): Mano Amiga Philippines Board of...

MGEN Renewables, Inc. (formerly known as SP New Energy Corporation) Eyes 2026 Profit Turnaround as MTerra Solar drives Earnings

Following Security Exchange Commission’s approval, SP New Energy Corporation (SPNEC) has been renamed to MGEN Renewables, Inc. (MGENR). It is expected to post its first full-year profit in 2026.   28 October 2026 – Pasig City, Philippines – SP New Energy...

MGEN Champions Diversified Energy Strategy at the ASEAN Energy Business Forum 2026

MGEN received a commendation from the Department of Energy (DOE) for its investments in its Singapore-based subsidiary PacificLight Power’s 670-MW hydrogen-ready combined-cycle gas turbine power plant, recognizing its contribution to advancing ASEAN energy...

MGEN, VITRO Join Forces to Explore Sustainable, Power-Enabled Digital Infrastructure

In the photo (L-R): VITRO REIT Inc Chief Commercial Officer, Gary F. Ignacio; VITRO REIT Inc President and CEO, Victor S. Genuino; MGEN & PLDT Chairman Manuel V. Pangilinan; MGEN President and CEO Emmanuel V. Rubio; MGEN Project Development and Execution Head...

MGEN’s PacificLight Breaks Ground on Singapore’s First Gas-Fired Plant with Integrated Battery Storage

Key officials present at the groundbreaking ceremony of PacificLight’s 670MW Hydrogen-Ready CCGT Power Plant. Seen on the photo are Singapore Minister for Trade and Industry (Energy and Industry) Dr Tan See Leng; Manuel V. Pangilinan (Managing Director and Chief...

Previous News​

MTerra Solar Now Delivering Power to the Luzon Grid

MTerra Solar Now Delivering Power to the Luzon Grid

The MTerra Solar project is set to become the Philippines’ largest integrated solar PV and battery facility. Once fully completed, it will deliver 3,500 MWp of solar PV capacity paired with 4,500 MWh of BESS.   Pasig City, Philippines – 14 March 2026 – Meralco...

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MGEN Unit Expands Handumanan Reforestation in Panay

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...

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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...

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