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Terra Solar Philippines, Inc.
Terra Solar Philippines, Inc. (TSPI), a wholly owned subsidiary of SP New Energy Corporation (SPNEC), is developing the Philippines’ largest solar facility.
This pioneering Solar PV + BESS project to be built and operated by TSPI is also known as the “Terra Solar Project.” It includes a 3,500 MW solar power plant paired with a 4,500 MWhr battery energy storage system.
Meralco PowerGen Corporation (MGen), through MGen Renewable Energy, Inc. (MGreen), has acquired a controlling interest in SPNEC to support its goal of developing 1,500 MW of renewable energy capacity by 2030.
A key milestone for the Terra Solar Project is securing an 850 MW Mid-Merit Power Supply Agreement with MERALCO, in which it aims to deliver clean, renewable energy by first quarter of 2026.
Meralco PowerGen Corporation
Meralco PowerGen Corporation (MGEN) is a wholly owned subsidiary of listed power company, Manila Electric Company (Meralco). The Company owns and operates a diversified portfolio of power generation units that uses advanced and highly efficient technologies that enable the reliable and cost-competitive supply of power to our customers.
MGen Renewable Energy, Inc.
MGen Renewable Energy, Inc. (MGreen), the company’s renewable energy (RE) arm, is focused on investing in and developing energy projects that utilize clean and sustainable energy sources. MGreenplays a vital role in the attainment of MGen’s goal of building a balanced power generation portfolio.