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...
Meralco PowerGen Corporation (MGEN) has reaffirmed its commitment to inclusive development by supporting thirty-four (34) public schools across eleven (11) provinces in this year’s Brigada Eskwela campaign –the annual school maintenance program of the Department of Education (DepEd) which aims...
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 arm of Manila Electric Company, has finalized power supply agreements to provide renewable energy (RE) to EvoEnergi Inc. In a statement, MGen announced that the company, through its thermal and RE subsidiaries, MThermal and MGreen, signed two...
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...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
Ahead of its scheduled completion, MGen Renewable Energy Inc. (MGreen), the renewable energy (RE) unit of Meralco PowerGen Corporation (MGen), announced the activation of its solar power plant in Isabela. In a statement on Wednesday, March 11, MGen said the 52.8-megawatt (MW) MGreen Cordon Solar...
