News
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
MTerra Solar Project Breaks Ground: A Monumental Milestone in the Philippines’ Renewable Energy Transition
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
Terra Solar Awards EPC Contract to Energy China for World’s Largest Solar Power Plant
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
MGen and SPNEC Announce Strategic Partnership; Actis Invests in 40% Equity Stake in Terra Solar
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.
Terra Solar Philippines draws foreign interest in P200-B solar project — SPNEC
SP New Energy Corp. (SPNEC) said around five foreign investors are keen on investing in Terra Solar Philippines, Inc., which is building a P200-billion solar project. “About five have expressed interest,” SPNEC President and Chief Executive Officer Manuel V. Pangilinan told reporters on Tuesday. “They’re now talking to several foreign investors.