Meralco unit spending P18b in more solar, wind projects

Meralco PowerGen Corp., the power generation arm of Manila Electric Co., announced over the weekend an investment of about P18

billion to accelerate its renewable energy buildout in line with the group’s long-term sustainability strategy.

MGen, through renewable energy unit MGen Renewable Energy Inc., targets to bring its attributable RE capacity to 1,500 MW with investments in more and larger green energy projects, including battery energy storage systems. PHRI recently completed commissioning tests for phase one of its project involving 67.5 MW scheduled for commercial operations this month. Phase 2 of the project is targeted to be operational by mid-2024.

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MlaStandard /  🏆 20. in PH

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