News

MTerra Solar Awards EPC Contract to Energy China for Phase 2
MGEN and Energy China Executives seal partnership for the execution of Engineering, Procurement, and Construction (EPC) Contracts for MTerra Solar Project Phase 2. Seen on the photo (from L-R) are: MGEN Renewables Supply Chain Management Head; MGEN Renewables Project Development and Execution Head Ashvind Gobinathan; MGEN Renewables Chief Finance Officer

MTerra Solar Becomes Largest Solar PV Installation in PH
Nueva Ecija, Philippines – 08 July 2025 – Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has reached a major milestone in the construction of MTerra Solar, with 778 megawatts (MW) of solar photovoltaic (PV) panels now installed on-site. This significant achievement not only surpasses

MTerra Solar Project Advances with Nueva Ecija Governor Support
Nueva Ecija, Philippines — 20 June 2025 — Meralco PowerGen Corporation (MGEN), through its renewable energy development arm MGEN Renewable Energy, Inc. (MGreen), extends its deepest appreciation to Nueva Ecija Governor Aurelio “Oyie” Matias Umali for his steadfast support of the MTerra Solar Project—a shining example of how public-private partnerships

MGEN Unit Signs Largest PH Financing Deal
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

MERALCO POWERGEN (MGEN) UNIT MGREEN CLOSES TERRA SOLAR US$600 MILLION INVESTMENT BY ACTIS
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 Forms Partnership for Community Development in Nueva Ecija
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

