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Manila Bulletin devider Business devider The Economy devider Razon-led MORE Power expands renewable footprint

Razon-led MORE Power expands renewable footprint

Published Jul 4, 2025 04:12 pm
A LINEMAN of MORE Power in Iloilo City. MORE Power is set to expand in Iloilo province. (Tara Yap)
A LINEMAN of MORE Power in Iloilo City. MORE Power is set to expand in Iloilo province. (Tara Yap)
Razon-led MORE Electric and Power Corporation (MORE Power) is raising the share of clean energy in its portfolio with the signing of a new Power Supply Agreement (PSA) that will add 6.6 megawatts (MW) to its Renewable Portfolio Standard (RPS) requirement.
The agreement was signed between MORE Power President and CEO Roel Z. Castro and Alfonso Javier D. Reyes, President of Urban Energy Development Corporation (UEDC), a MabuhayPower Holdings Corp subsidiary.
UEDC was declared the winning bidder during the Competitive Selection Process (CSP) conducted by MORE Power last April 4, 2025.
The deal will see UEDC supply 6.6 MW from its upcoming eight MW-peak solar power plant in Anilao, Iloilo. This greenfield project is scheduled for completion and delivery within one year.
“This partnership is part of our continuing mission to lead Iloilo towards a more sustainable energy future,” said Castro.
He added that, “We are steadily increasing the share of renewables in our power mix. With this new project, we take another significant step in hitting our long-term clean energy targets, ensuring our customers benefit from affordable, reliable, and greener power.”
Reyes emphasized the strategic importance of the partnership for both companies and the community, saying “We are proud to support MORE Power’s renewable energy goals with our first solar facility in Iloilo.
“This project contributes to the country’s clean energy aspirations and provides new investment and development opportunities in the region. We are committed to delivering on schedule and at the highest quality standards.”
MORE Power’s renewable energy footprint is approximately 33 percent and continues to grow with this new supply.
The move aligns with the Department of Energy’s push for utilities and distribution companies to meet their RPS obligations, which require a growing share of renewable energy in their supply portfolios each year.
“This is not just compliance. This is commitment. We are driving the transition to a cleaner energy future—not just for Iloilo City, but as a model for utilities across the country,” said Castro.
The Anilao solar project is expected to break ground later this year and supply MORE Power with clean energy by mid-2026.

Related Tags

MORE Power MORE Electric and Power Corporation Roel Z. Castro Urban Energy Development Corporation MabuhayPower Holdings Corporation
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