MGEN Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGen), is on track to complete its flagship project, MTerra Solar by March 2026.
MGen president Emmanuel Rubio said at the sidelines of the Schneider Electric Innovation Day Philippines 2025 that around 700 megawatts of solar panels would be installed by the end of July 2025.
“Installed, not generating. Right now, around 90 to 100 MW panels are already laid out. By end of July, the target is 700 MW. Total project value, probably around 44 to 45 percent completion,” Rubio said.
MGreen and Terra Solar Philippines Inc. president and chief executive Dennis Jordan emphasized the company’s clear focus on enabling a cleaner, more secure energy future through large-scale innovation and inclusive development.
Jordan said at the sidelines of the Solar & Storage Live PH event that more than 5,000 contractors are deployed at the site, with the workforce expected to peak at 16,000 at the height of construction.
Once operational, MTerra Solar will supply clean electricity to about 2.4 million households and displace an estimated 4.3 million tons of carbon emissions annually – the equivalent of removing 3 million gasoline-powered cars from the road.
MGreen inaugurated three new solar farms in the first quarter of 2025, reinforcing its commitment to expanding its clean energy capacity.
These additions contribute to MGEN’s renewable energy portfolio, which now stands at nearly 400 MWac of net sellable capacity across seven provinces: Bulacan, Isabela, Nueva Ecija, Rizal, Ilocos Norte, Tarlac and Batangas.
With its current projects and expanding pipeline, MGEN is on track to surpass its goal of 1,500 MW of renewable energy capacity by 2027 — three years ahead of its 2030 target.