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 Institutional Banking Sector Mary Mylene A. Caparas; China Banking Corporation Executive Vice President and Head […]

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 Rubyred (Philippines) Holdings, Inc. (Actis) of a stake in Terra Solar Philippines, Inc. (“MTerra Solar”). The signing of […]

Partnerships for community development in Nueva Ecija. Seen on the photo (from L-R) are MPA Director Marc Lester Malibiran, MPA Executive Director Ian Colorina, MGreen and MTerra Solar President and CEO Dennis B. Jordan, Gapan City Mayor Emary Joy Pascual, MTerra Solar Project Director Mark Argar, and MPA Program Manager Alvin Cruz. Gapan, Nueva Ecija, […]

RE Milestone. President Ferdinand Marcos Jr. (center) leads the groundbreaking ceremony of the MTerra Solar Project — the world’s largest integrated solar and battery storage facility. Seen in the photo are (from L-R) Special Assistant to the President for Investment and Economic Affairs Frederick Go, Department of the Interior and Local Government Secretary Jonvic Remulla, […]

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 development of the world’s largest contiguous solar and battery power plant, which is set to transform the renewable energy landscape in the Philippines.

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.

WORLD’S LARGEST SOLAR PROJECT GETS GREEN LANE CERTIFICATION: The Board of Investments is taking significant strides to fast-track strategic investments in the country with the recent green lane certification of Terra Solar Project by Terra Solar Philippines Inc.