MTerra Solar Announces Board Reorganization as Project Nears Grid Injection
Pasig City, Philippines — 23 January 2026 — Terra Solar Philippines Inc. (MTerra Solar), an affiliate of Meralco PowerGen Corporation (MGEN), announced today a reorganization of its Board of Directors as the company advances toward commissioning and the initial injection of energy from its flagship solar project into the national grid.
Effective 21 January 2026, MGEN President and CEO Emmanuel V. Rubio has been appointed to the Board of Directors of MTerra Solar, further strengthening board leadership as the project transitions from development into the commissioning and operations phase. Mr. Rubio succeeds Leandro L. Leviste, who has recently stepped down as a member of the Board.
The board reorganization reflects MTerra Solar’s evolution as the project moves closer to commercial operations. The appointment of Mr. Rubio aligns board leadership more closely with execution and operational readiness, reinforcing governance as the company prepares for large-scale grid integration.
“This transition marks a natural progression for MTerra Solar as it approaches commissioning. Strengthening board leadership at this stage ensures closer alignment between strategic oversight, system integration, and operational execution as we move toward delivering clean, reliable power to the grid,” said MGEN President and CEO Emmanuel V. Rubio.
Commissioning activities are accelerating as the project advances into its operational phase this year. MTerra Solar recently achieved a major milestone with the grid cut-in of its 500-kilovolt substation along the Nagsaag–San Jose 500-kilovolt transmission line. Phase 1 is set to begin its energization this quarter, ramping up to 1500 MW by August 2026.
Terra Solar Philippines Inc. (MTerra Solar) is a subsidiary of SP New Energy Corporation (SPNEC) which has recently applied for a change of corporate name to MGEN Renewable Energy Holdings, Inc., in preparation for the potential integration of MGEN’s renewable energy assets under a single holding company structure.
About Terra Solar Philippines Inc. (MTerra Solar)
Terra Solar Philippines Inc. (MTerra Solar) is the project company developing the MTerra Solar Project, set to be the world’s largest integrated solar and battery storage facility. Spanning four municipalities across Nueva Ecija and Bulacan, the project will generate 3,500 MWp of solar power complemented by a 4,500 MWhr battery energy storage system.The project will be developed in two phases with first phase expected to be completed in 2026, and the second phase a year after. The project is expected to supply clean energy to approximately 2.4 million households. Beyond power generation, it will also contribute to carbon reduction by avoiding 4.3 million tons of emissions annually.
About Meralco PowerGen Corporation (MGEN)
Meralco PowerGen Corporation (MGEN) operates a diverse portfolio of power generation assets equipped with advanced technologies. Its main subsidiaries include Global Business Power (MThermal), MGEN Renewable Energy Inc. (MGreen), and MGEN Gas Energy Holdings, Inc. (MNatural Gas). Additionally, MGEN holds stakes in PacificLight Power (PLP), a Liquefied Natural Gas facility in Singapore, and SP New Energy Corporation (SPNEC), a renewable energy company. Recently, MGEN has invested a 40.2% stake in an integrated LNG facility in Batangas, Philippines. Across its portfolio, MGEN has a combined net sellable capacity of 5,079.2 MW from traditional and renewable sources as of October 2025.
To know more about MGEN and its subsidiaries, please visit mgen.com.ph and follow us on LinkedIn.
Contact:
JACQUELINE GOROSPE
Corporate Communications and Branding Head
Meralco PowerGen Corporation (MGEN)
+639189793173
Atty. CHRISTER A. GAUDIANO
Sustainability, Communications, & External Affairs Head
Meralco PowerGen Corporation (MGEN)
+639399351297
