Press Releases
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...
MGEN Outlines Path to Low Carbon Future
Cagayan de Oro City, Philippines – Meralco PowerGen Corporation (MGEN) reaffirmed its commitment to the country’s clean energy transition at the 2025 Philippine Electric Power Industry Forum (PEPIF), organized by the Independent Electricity Market Operator of...
MGEN Expands Clean Energy Portfolio With Completion of Three Solar Projects
MGreen Baras Solar in Barangay Pinugay, Baras, Rizal. This 80.1 MWac solar facility is expected to provide clean energy to around 81,000 households. This is the first solar power plant in the province of Rizal. Baras, Rizal, Philippines – 28 March 2025 –...
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...
MGEN Switches-On 52.8 MW Solar Power Facility in Isabela
MGreen Cordon Solar in Barangay Capirpiriwan, Cordon, Isabela. This 52.8 MWac solar facility is one of the biggest operational solar plants in the whole of Region 2 under the second Green Energy Auction (GEA II) program of the DOE and will provide clean energy to over...
In the News
Groups want MGen coal plant project’s ECC declared expired
By Adam Ang BusinessWorld VARIOUS anti-coal groups have asked the government to declare the expiration of the environmental compliance certificate (ECC) of Meralco Powergen Corp.’s (MGen) large coal power plant project in Quezon province as its construction was...
Power firms support shift from coal to clean energy
By Alena Mae S. Flores Manila Standard Energy companies, environmental groups and consumers on Wednesday welcomed the Department of Energy’s declaration of a moratorium on endorsements for greenfield or new coal power plants. Energy Secretary Alfonso Cusi...
Major coal players to abide by D.O.E. ban on ‘new’ projects
By Lenie Lectura Business Mirror MAJOR coal power plant producers are supporting the Department of Energy ‘s (DOE) pronouncement to stop endorsing new coal power plant projects. The country’s power mix is dominated by coal, being the cheapest among the...
A commitment to the transition towards a better and more sustainable energy future
By BusinessWorld The coronavirus pandemic has become the biggest global crisis in recent history. Yet, even when the world overcomes this, there are still others far greater looming in the horizon. The World Bank has urged countries to accelerate and...
Back on track
By Manila Standard Atimonan One Energy, Inc. (A1E) gradually resumed activities at its site in Atimonan, Quezon—with full remobilization expected in the coming weeks. A1E has been strictly implementing health and safety protocols at the site, including use of...
MGen moves target date for Bulacan solar farm
By Adam J. Ang | BusinessWorld MERALCO Powergen Corp. (MGen) is still expecting to launch its solar farm in Bulacan within the year despite a delay in construction due to the quarantine restrictions. Last April, PowerSource First Bulacan Solar, Inc. (PFBSI),...
Meralco to pursue auction for additional power supply
By Lenie Lectura | Business Mirror The Manila Electric Co. (Meralco) made an assurance that its power supply is adequate to meet the current demand of its customers and that there is no need to alter its power requirements in the near future. “So far, in terms...
Meralco PowerGen says it conducts ‘full-blown’ environmental impact studies on all projects
By Ted Cordero | GMA News Meralco Powergen Corp. (MGen) on Tuesday said that it conducted environmental impact assessments in all its power plant projects amid calls by Church leaders in Quezon province for it to stop its proposed coal-fired plant project....
A1E, partners distribute insulin plant to seniors, diabetics
By Manila Standard Atimonan, Quezon—With no choice but to stay indoors, many have turned to “plantitos” and “plantitas”—a new term for those now into the gardening craze. What if more people start growing herbs with natural health benefits? The insulin plant...
E-jeep boost Atimonan residents’ fight against COVID-19
By Manila Standard Residents of Atimonan in Quezon province received last week an electric jeepney (e-jeep) from Atimonan One Energy, Inc. (A1E) and e-Sakay, Inc. The PhP1.07 Million e-jeep was turned over to Atimonanayor Rustico Mendoza, who lauded the gift as...