MVP Group partners with Singapore RE firm for 68MW solar farm in Ilocos

MGen Renewable Energy Inc. (MGreen) has formed a joint venture with Vena Energy to construct and operate a 68 megawatt solar plant in Ilocos Norte.
The partnership with Vena, a leading renewable energy company in the Asia-Pacific region, would be carried out under Nuevo Solar Energy Corp. (NSEC).
MGreen is the renewable energy unit of Meralco PowerGen Corp. (MGen). With a total capacity of 2,446 MW, MGen is the power generation arm of Manila Electric Co. (Meralco), controlled by the MVP Group.
Located in the municipality of Currimao, the project is targeted to commence operations by the first quarter of 2023.
It is adjacent to Vena’s existing 16 MW Garcia solar project in the area commissioned in 2016.
“ This project in Ilocos is the latest addition to our ongoing 1,500 MW target of renewable energy projects, showcasing our company’s stern commitment to transition towards low-carbon energy in an orderly and cost-competitive manner anchored on ONE MERALCO’s long-term sustainability agenda,” said MGen and GBP president and CEO Jaime T. Azurin.
“We are starting the year 2022 strong with the intention to fast-track the attainment of this goal within the next seven years that is ultimately in support of the country’s achievement of 35 percent RE share by 2030 and eventually, 50 percent by 2040,” he added.
Vena owns, develops, operates, and commercializes a renewable energy portfolio totalling 16,000 MW of solar, onshore wind, offshore wind, battery storage and hybrid renewable energy projects, with 48 corporate and site offices in Australia, India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan, and Thailand.
Since entering the Philippines in 2014, Vena Energy’s renewable energy portfolio consists of 248 MW of solar and wind projects, and a further 1,100 MW of projects in development.

Iloilo goes green

Realizing the multiple benefits it could reap from renewable energy (RE), the provincial government of Iloilo issued an ordinance that will help it achieve energy self-reliance.

Big firms SM Group, Ayala save grid from red alerts

Manila Electric Co. said 72 business establishments enrolled under the Interruptible Load Program (ILP) enabled the continuous supply of electricity in its franchise area when the Luzon grid was placed on red alert recently.