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Terra Solar Philippines, Inc.
Terra Solar Philippines Inc. (MTerra Solar) is developing the MTerra Solar Project, set to become the world’s largest integrated solar and battery storage facility. MTerra Solar is a joint investment between SP New Energy Corporation (SPNEC) and Actis. 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.
Meralco PowerGen Corporation
Meralco PowerGen Corporation (MGEN) is shaping the future of energy with a growing portfolio of diversified energy solutions across the Philippines and Southeast Asia. From baseload and liquefied natural gas (LNG) to solar and battery energy storage, MGEN is delivering reliable and responsible power to drive progress across industries, communities, and economies.
MGEN anchors all its efforts in addressing the energy trilemma – with a vision to be the leader in the Philippines’ transition to a secure, affordable, and sustainable energy future – while fueling economic growth in the region.
MGEN Renewable Energy, Inc.
On the renewable energy front, MGEN Renewable Energy, Inc. (MGEN Renewables) now operates seven solar power plants across Luzon, supplying around 400 megawatt alternating current (MWac) of clean energy — enough to power about 400,000 homes. MGEN expects to exceed its 1,500 MW renewable energy target by 2027 — well ahead of its original 2030 goal.