The power generation arm of Manila Electric Co., (Meralco) called Meralco Power Gen Corp. (MGen), gears up to develop larger renewable energy (R E) projects toward achieving its target green energy capacity thrust.
In a statement released from MGen it said “we expect some major expansion projects in the next six months to a year and these will not be the 50 to60 megawatts (MW), but bigger projects.” Accordingly, MGen will consider to commission this month a new solar project in Rizal that will expand the operational renewable energy capacity to 200 MW, from its present 75-MWac solar plant in Baras, Rizal being developed through PH Renewables Inc., a joint venture with Mitsui’s local unit MitRenewables Philippines.
In collaboration with MGen Renewable Energy Inc., MGen is building a 1,500 MW of renewable energy projects within five years time, initially locally for the Philippines and look for other opportunities in Southeast Asian countries.
Incidentally, as early as 2021, MGen had already ventured towards a balanced and low carbon energy mix through the opening of BulacanSol’s 55-MW solar plant in San Miguel, Bulacan.
MY COMMENT:
Each time that I read about the number of local companies and foreign investors geared at tapping the country’s rich renewable resources, viz, wind, solar, and hydro, I say to myself that once the Philippines is able to conquer its energy security problem, only then can we say that its economy and standard of living are on the road to recovery.
I am still inviting renewable energy investors to visit central Philippines – the Visayan Regions 6, 7, and 8 and tap their solar, wind and hydro resources for their R E potentials.
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