Meralco PowerGen Corp. (MGen) is exploring real estate investment trust (REIT) options to unlock more value from its renewable energy projects. MGen President and Chief Executive Officer Emmanuel Rubio said in an interview that a REIT—which allows companies to generate steady income from real...
The power generation unit of Manila Electric Co. (Meralco) is constructing its second battery energy storage system (BESS) in the country. In a statement on Monday, July 22, Meralco PowerGen Corp. (MGen) said it will develop a 49-megawatt (MW) stand-alone battery energy storage system (BESS) in...
Young tycoon Leandro Legarda Leviste is raising a total of ₱34 billion from the divestment of his shares in solar producer SP New Energy Corporation (SPNEC) before assuming his new role as Congressman for the first district of Batangas in the House of Representatives on June 30, 2025. In a...
Meralco PowerGen Corp. (MGen), the power generation unit of Manila Electric Co., announced that it has signed a partnership with Saudi Arabia’s water desalination firm ACWA Power. In a statement on Wednesday, June 4, MGen said it signed an agreement with ACWA to explore renewable energy (RE)...
Meralco PowerGen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), aims to expand its liquefied natural gas (LNG) sourcing as its 2,500-megawatt (MW) gas facilities near full operation. In an ambush interview with MGen President and Chief Executive Officer (CEO) Emmanuel...
Meralco PowerGen Corp. (MGen) reported that its largest solar project in the world is set to make significant progress within the second half of the year. On the sidelines of Schneider Electric Philippines’ Innovation Day 2025 on Tuesday, May 20, MGen President and Chief Executive Officer (CEO)...
SP New Energy Corp. (SPNEC) reported a decline in its first-quarter net income for the year. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said its total net income during the first three months of 2025 slid to ₱12.4 million, which is a significant drop from its figure last year...
Meralco PowerGen Corporation (MGen), the power generation arm of Manila Electric Company (Meralco), announced that its subsidiary, PacificLight Power Ltd. (PLP), is on track to begin operations of its additional 100-megawatt Fast Start gas turbine capacity this quarter. MGen stated that PLP is set...
Manila Electric Co.’s (Meralco) power generation arm, Meralco PowerGen Corp. (MGen), is targeting to commence electricity supply from its 1,200-megawatt Atimonan coal plant by 2029 or 2030, subject to government approval. Speaking to reporters on the sidelines of the Meralco Giga Summit 2025,...
The Department of Energy (DOE) has warned of potential supply strains if Excellent Energy Resources Inc.’s (EERI)’s natural gas plant faces a delay in power delivery. In a media briefing on April 14, Energy Assistant Secretary Mario Marasigan said that EERI, a joint venture between Meralco...
Meralco PowerGen Corp.’s (MGen) renewable energy (RE) unit, MGen Renewable Energy Inc. (MGreen), has increased its clean energy capacity in the first quarter of 2025 with the inauguration of three solar plants. In a statement on Friday, March 28, MGen said it has switched on 152.7-megawatts...
To minimize the risk of potential power outages, the Department of Energy (DOE) urged consumers in Luzon to practice energy conservation as two natural gas power generation facilities are set to shut down from March 29 to March 31. In a statement on Friday, March 28, the DOE reported that the...
