Press Releases
MGEN Unit Signs Largest PH Financing Deal
MGEN unit seals Php150 billion loan agreement for MTerra Solar Project, the world's largest integrated solar PV and battery energy storage system facility. Seen on the photo (from L-R): Metropolitan Bank & Trust Company Executive Vice President and Head of...
MGEN Outlines Path to Low Carbon Future
Cagayan de Oro City, Philippines – Meralco PowerGen Corporation (MGEN) reaffirmed its commitment to the country’s clean energy transition at the 2025 Philippine Electric Power Industry Forum (PEPIF), organized by the Independent Electricity Market Operator of...
MGEN Expands Clean Energy Portfolio With Completion of Three Solar Projects
MGreen Baras Solar in Barangay Pinugay, Baras, Rizal. This 80.1 MWac solar facility is expected to provide clean energy to around 81,000 households. This is the first solar power plant in the province of Rizal. Baras, Rizal, Philippines – 28 March 2025 –...
MERALCO POWERGEN (MGEN) UNIT MGREEN CLOSES TERRA SOLAR US$600 MILLION INVESTMENT BY ACTIS
METRO MANILA, PHILIPPINES, 17 MARCH 2025 – MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), announces the closing of the acquisition by Actis Rubyred (Singapore) Pte. Ltd. through its wholly-owned subsidiary Actis Rubyred...
MGEN Switches-On 52.8 MW Solar Power Facility in Isabela
MGreen Cordon Solar in Barangay Capirpiriwan, Cordon, Isabela. This 52.8 MWac solar facility is one of the biggest operational solar plants in the whole of Region 2 under the second Green Energy Auction (GEA II) program of the DOE and will provide clean energy to over...
In the News
MGen’s 50MW solar plant stars commercial operations
BusinessTrade & Energy Myrna M. Velasco May 13, 2021 The 50-megawatt solar plant of Power Source First Bulacan Solar Inc. (FPBSI), a subsidiary of Meralco PowerGen Corp. (MGen) has kicked off its commercial operation boosting Meralco’s energy supply for the...
MERALCO switches on Bulacan solar farm
By Power Philippines PowerSource First Bulacan Solar, Inc. (PFBSI), a 60-40 joint venture between MGen Renewable Energy, Inc. (MGreen) and PowerSource Energy Holdings Corporation has officially started commercial operations of its 50-megawatt solar power...
Meralco unit starts operations of Bulacan solar power plant
By Danessa Rivera | Philippine Star MANILA, Philippines — Meralco Powergen Corp. (MGen) has renamed its first solar investment to BulacanSol as it commenced commercial operations to provide the Luzon grid with clean and renewable power. Formerly PowerSource...
50-MW solar plant in Bulacan goes online
MERALCO PowerGen Corp. (MGen) said on Thursday its unit had begun commercially operating a 50-megawatt (MW) solar plant in San Miguel, Bulacan after receiving regulatory approval. In a press release, MGen said the power plant known as “BulacanSol” secured clearance to...
BulacanSol kicks off green Meralco
By Maria Romero | The Daily Tribune The 50-megawatts (MW) solar power plant of PowerSource First Bulacan Solar Inc. (PFBSI), a unit of dominant power distributor Meralco, has started commercial operations for the provision of clean and renewable power to the...
Meralco starts operations of 50-MW solar project in Bulacan
By Alena Mae Flores | Manila Standard PowerSource First Bulacan Solar Inc. said its 50-megawatt solar power plant started commercial operations to provide clean and renewable power to the Luzon grid amid the high demand during the dry period. BulacanSol, the...
50-MW solar power plant in Bulacan starts operation
By Kris Crismundo | Philippine News Agency MANILA – The Luzon grid has additional sources of clean and renewable energy as PowerSource First Bulacan Solar, Inc. (PFBSI) has started its commercial operation. This, as the Energy Regulatory Commission cleared the...
Meralco’s first solar farm goes online in renewable energy push
By Ronnel Domingo | Philippine Daily Inquirer PowerSource First Bulacan Solar Inc. (PSFBSI) is now delivering electricity to Manila Electric Co. (Meralco) through its P4.25-billion 50-megawatt solar farm in San Miguel, Bulacan. Meralco officials said the project...
Bulacansol: The 50 MW Power Plant That Will Provide Clean And Renewable Energy To Luzon
The Bulacansol power plant promises to provide clean and renewable energy to the Luzon grid. By Tatler Philippines In San Miguel, Bulacan, a 50-megawatt (MW) power plant has just begun its commercial operations. Dubbed the BulacanSol, the energy source...
50MW BulacanSol power plant starts commercial operations
By The Daily Tribune The 50-megawatts (MW) solar power plant of PowerSource First Bulacan Solar, Inc. (PFBSI) has officially started commercial operations and now provides clean and renewable power to the Luzon grid. Now called BulacanSol, the newly completed...