Press Releases
MTerra Solar Announces Board Reorganization as Project Nears Grid Injection
Spanning four municipalities across Nueva Ecija and Bulacan, MTerra Solar Project is set to become the world’s largest integrated solar and battery storage facility Pasig City, Philippines — 23 January 2026 — Terra Solar Philippines Inc. (MTerra Solar), an affiliate...
MEDIA STATEMENT: Update on SPNEC Company Name Change
Pasig City, Philippines – 22 January 2026 —This is to confirm that SP New Energy Corporation (SPNEC), a renewable energy subsidiary of Meralco PowerGen Corporation (MGEN), has filed today with the Securities and Exchange Commission (SEC) an application to change its...
MEDIA STATEMENT: SPNEC Clarification on DOE-Reported Solar Service Contracts
Pasig City, Philippines – 18 January 2026 — SP New Energy Corporation (SPNEC) wishes to clarify that it is not liable to pay the Php 24 billion penalties quoted by the Department of Energy (DOE) for the terminated service contracts of Solar Philippines. Of the 12,000...
MEDIA STATEMENT: MGEN’S INVESTMENT IN SP NEW ENERGY CORPORATION (SPNEC)
Pasig City, Philippines – 11 January 2026 — Meralco PowerGen Corporation (MGEN) today clarifies that SP New Energy Corporation (SPNEC) is a separate and distinct corporate entity from Solar Para Sa Bayan Corporation (SPBC). MGEN did not acquire any share in SPBC,...
MGEN Appoints Engr. Cabarrubias to Lead Cebu Thermal Operations
Engr. Cabarrubias steps up for MGEN’s thermal business. 09 January 2026 – Pasig City, Philippines – Meralco PowerGen Corporation (MGEN) announces the appointment of Engr. Erick C. Cabarrubias as Cebu Site Head effective 1 January 2026. In this role, Engr. Cabarrubias...
In the News
Meralco secures favorable outlook
By Chito Lozada The Daily Tribune Dominant power distributor Manila Electric Co. (MER) shares remain attractive as a result of recent diversifications and it may even give a 35.44 percent a year upside from its current trading price of P274 to around P370...
BulacanSol provides Phl clean, renewable energy
By Joe Zaldarriaga The Daily Tribune According to the National Oceanic and Atmosphere Administration, the last four years have been the warmest in 139 years. The current warming trend is the result of human emissions of greenhouse gases into the atmosphere,...
Rizal solar plant
By Manila Standard PH Renewables Inc., a subsidiary of Global Business Power Corp., celebrates the groundbreaking of its first solar power plant in the Philippine Communications Satellite Corp. grounds in Baras, Rizal. With a capacity of 115-megawatt peak, the project...
115MW solar farm to power Luzon
By Maria Romero | Daily Tribune Global Business Power Corporation (GBP) subsidiary PH Renewables Inc. has started construction of a 115-megawatt (MW) solar power plant in Baras, Rizal. The project is expected to commence commercial operations in 2022. The solar...
Global Business Power to build 115MWp solar plant in Rizal
By Myrna Velasco | Manila Bulletin Global Business Power Corporation (GBP) of businessman Manuel V. Pangilinan’s conglomerate, will be building a 115-megawatt peak (MWp) solar power facility in Rizal that it targets to bring on commercial stream next year. The...
Philippines’ further shift to clean energy
By Adrian Paul B. Conoza BusinessWorld The country’s energy grid continues to shift away from traditional sources and further to renewable ones. This was highly noticed in the past months as concerns on individual health and environmental welfare heightened...
50¬MW Bulacan solar power plant starts operation
By People’s Journal Sunday The Luzon grid has additional sources of dean and renewable energy as PowerSource Hist Bulacan Solar, Inc. has started commercial operations. This, as the Energy Regulatory Commission cleared the commercial operation for the 50megawatt...
50-MW BulacanSol power plant: Powering the good life through sustainable energy
By BusinessWorld MERALCO PowerGen Corp. (MGen) is taking serious strides on the renewable energy front with the start of commercial operations of its first solar power plant. Now called BulacanSol, the newly completed power station now provides clean and...
Bulacan solar energy facility goes online
By Jordeene Lagare Manila Times PowerSource First Bulacan Solar Inc. (PFBSI) has switched on its 50-megawatt (MW) solar power plant in San Miguel, Bulacan. The P4.25-billion solar facility, now called BulacanSol, commenced commercial operations and is providing...
MGen’s 50-MW solar plant starts operations
By Myrna Velasco Manila Bulletin The load network of Manila Electric Com pany (Meralco) has gained additional supply source in these summer months, as the 50 megawatt PowerSource First Bulacan Solar Inc. (PFBSI) of its subsidiary Meralco PowerGen Corporation...