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Manila Bulletin devider Business devider Trade & Industry devider MGEN, ACWA Power present renewable energy strategy to President Marcos

MGEN, ACWA Power present renewable energy strategy to President Marcos

By MBrand
Published Aug 6, 2025 12:08 pm
In photo (from left to right): ACWA Power Vice President for Business Development Salman Baray; ACWA Power CEO Marco Arcelli; Embassy of the Kingdom of Saudi Arabia Counsellor Abdullatif Abdulaziz Alalshekh; ACWA Power Chairman Mohammad Abunayyan; President Ferdinand R. Marcos Jr.; Meralco and MGEN Chairman Manuel V. Pangilinan; Department of Energy Secretary Sharon Garin; Metro Pacific Investments Corporation Government Relations and Public Affairs Head Atty. Mike Toledo; MGEN President and CEO Emmanuel V. Rubio; MGreen President and CEO Dennis B. Jordan.
In photo (from left to right): ACWA Power Vice President for Business Development Salman Baray; ACWA Power CEO Marco Arcelli; Embassy of the Kingdom of Saudi Arabia Counsellor Abdullatif Abdulaziz Alalshekh; ACWA Power Chairman Mohammad Abunayyan; President Ferdinand R. Marcos Jr.; Meralco and MGEN Chairman Manuel V. Pangilinan; Department of Energy Secretary Sharon Garin; Metro Pacific Investments Corporation Government Relations and Public Affairs Head Atty. Mike Toledo; MGEN President and CEO Emmanuel V. Rubio; MGreen President and CEO Dennis B. Jordan.
Executives from Meralco PowerGen Corporation (MGEN) and ACWA Power paid a courtesy call on President Ferdinand R. Marcos Jr. at Malacañang Palace to present their joint strategy for advancing utility-scale renewable energy development in the Philippines.
The visit follows the recent signing of a memorandum of understanding (MOU) between MGEN and ACWA Power, formalized during the ASEAN Summit in Kuala Lumpur. The partnership aims to co-develop large-scale solar and other renewable energy projects, with up to 1,700 MW of potential capacity currently under evaluation across the country.
Leading the delegation were Meralco and MGEN Chairman Manuel V. Pangilinan and ACWA Power Chairman Mohammad Abunayyan. They were joined by MGEN President and CEO Emmanuel V. Rubio, ACWA Power CEO Marco Arcelli and Vice President for Business Salman Baray, Department of Energy Secretary Sharon Garin, MGEN Renewable Energy Inc. (MGreen) President and CEO Dennis B. Jordan, and Metro Pacific Investments Corporation Government Relations and Public Affairs Head Atty. Mike Toledo.
The partnership brings together ACWA Power’s 78.8 GW global portfolio and MGEN’s 5.0 GW domestic capacity to support the Philippines’ renewable energy goals of 35 percent by 2030 and 50 percent by 2040, while reinforcing investor confidence in the country’s energy transition efforts.

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