, Philippines

Philippine’s MERALCO flicks on 50 MW solar plant

The $88.9m plant will provide clean energy in the Luzon Grid

The Philippine’s largest power company, MERALCO, has launched operations of its 50 MW solar power plant in Bulacan.

A 60-40 joint venture between MERALCO’s wholly-owned subsidiary, MGen Renewable Energy, Inc. (MGreen) and PowerSource Energy Holdings Corporation, the $88.9m (PHP4.25b) will provide clean energy in the Luzon Grid.

“This is a modest step into renewables but a significant one for MERALCO. We look forward to many more investments in renewables, particularly solar, as we attempt to achieve that balance in fuel sourcing, which will ultimately be biased towards renewables,” MERALCO Chairman Manny V. Pangilinan said.

The power company first announced its shift to renewable energy in 2019.
 

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

What happens to CLP Power as Hong Kong transitions to carbon neutrality
Since 2020, it has increased its gas-fired power generation proportion to around 50% to make up for the coal-fired generation to be phased out.
Could phase-outs harm Asia’s nuclear energy growth?
The region is expected to bring 30GW in electricity per year with 32 reactors under construction.