Technical FAQs 4

Who owns Terra Solar Philippines?

UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and energy storage project in a deal worth USD 600 million (EUR 550.5m). Image by: Actis. The transaction was sealed with MGEN Renewable Energy Inc, a unit of Manila Electric Company (PSE:MER), or Meralco.

Who owns 100% of Solar Philippines?

The transaction with Solar Philippines New Energy Corporation, which currently owns 100% of the project, was announced at a signing ceremony in Pasig City, Philippines, attended by Torbjorn Caesar, Chairman and Senior Partner at Actis, Manuel V. Pangilinan, Chairman of Meralco, and Emmanuel V. Rubio, CEO of Meralco PowerGen (MGen).

What is the impact of a solar power project in the Philippines?

The project has strong sustainability credentials, notably because of its impact in decarbonising the Philippines’ energy system (SDG7), but also by generating power to support economic development (SDG8), creating more than 10,000 new jobs (SDG8), and facilitating local development (SDGs3+4).

Does Actis own terra Solar Philippines Inc?

(USD 1.0 = EUR 0.918) UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and energy storage project in a deal worth USD 600 million (EUR 550.5m).

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MGEN Unit Signs Largest PH Financing Deal

Apr 23, 2025 · Pasig City, Philippines — 22 April 2025 — Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has closed the

Actis closes USD-600m investment in huge Philippine solar

Mar 20, 2025 · UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and energy storage project in a deal worth

J&V Energy enters Philippines utility-scale solar with 180MW

Nov 21, 2024 · The transaction marks J&V Energy''s first utility-scale renewables investment in the Philippines, and comes on the back of J&V Energy''s joint-venture with SolarNRG Philippines

ICTSI''s Mindanao Container Terminal shifts to solar power

Feb 25, 2025 · Mindanao Container Terminal (MCT), the business unit of International Container Terminal Services Inc. (ICTSI) at the Port of Cagayan de Oro in the Philippines, has

Philippine''s Citicore Renewable Energy Corporation Locks In

Manila /PRNewswire/ - Leading Philippine renewable energy developer Citicore Renewable Energy Corporation (CREC) held a ceremonial signing for a 2-gigawatt (GW) module supply

Actis invests in ''world''s largest'' Philippines

Sep 10, 2024 · Actis has entered a strategic partnership with the companies behind a 3.5GW solar, 4.5GWh BESS project in the Philippines.

Actis closes USD-600m investment in huge

Mar 20, 2025 · UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and

Actis invests in ''world''s largest'' Philippines solar, storage

Sep 10, 2024 · Actis has entered a strategic partnership with the companies behind a 3.5GW solar, 4.5GWh BESS project in the Philippines.

MGEN Unit Signs Largest PH Financing Deal

Apr 23, 2025 · Pasig City, Philippines — 22 April 2025 — Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc.

ICTSI''s Mindanao Container Terminal shifts to

Feb 25, 2025 · Mindanao Container Terminal (MCT), the business unit of International Container Terminal Services Inc. (ICTSI) at the Port of

Actis invests in world''s largest integrated

Sep 6, 2024 · The Terra Solar Project will provide electricity to circa 2.4 million Philippine households2 The transaction represents the largest

Trinasolar wins two-gigawatt solar contract with Citicore

Nov 12, 2024 · Renewable energy developer Citicore Renewable Energy Corporation (CREC) has signed a two-gigawatt (GW) solar module supply contract with leading smart PV and energy

Philippine''s Citicore Renewable Energy Corporation Locks in

Nov 12, 2024 · MANILA, PHILIPPINES – Leading Philippine renewable energy developer Citicore Renewable Energy Corporation (CREC) held a ceremonial signing for a 2-gigawatt (GW)

Philippine''s Citicore Renewable Energy

Nov 12, 2024 · MANILA, PHILIPPINES – Leading Philippine renewable energy developer Citicore Renewable Energy Corporation (CREC) held a

Actis invests in world''s largest integrated renewables and

Sep 6, 2024 · The Terra Solar Project will provide electricity to circa 2.4 million Philippine households2 The transaction represents the largest foreign direct investment for a greenfield

Trinasolar wins two-gigawatt solar contract

Nov 12, 2024 · Renewable energy developer Citicore Renewable Energy Corporation (CREC) has signed a two-gigawatt (GW) solar module supply

Philippines opens tender for 9.4GW of renewable energy and

Mar 13, 2025 · The Philippines'' government will tender for 9,378MW of renewables, comprising distributed and large-scale solar PV, including ground-mount, rooftop and floating PV,

Philippines opens tender for 9.4GW of

Mar 13, 2025 · The Philippines'' government will tender for 9,378MW of renewables, comprising distributed and large-scale solar PV, including

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