MGEN Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGen), has energized its solar energy plant in Bongabon, Nueva Ecija, which may generate 19.8 megawatts alternating current (MWac) of unpolluted energy.
The solar energy project was accomplished not less than six months ahead of schedule and will supply power to not less than 20,000 households, the corporate said in a media release on Wednesday.
“Greater than only a solar energy plant, MGreen Bongabon Solar is about creating opportunities, reducing our carbon footprint, and setting a brand new standard for renewable energy initiatives in our country,” said Dennis B. Jordan, president and chief executive officer of MGreen.
Currently, MGreen has a gross generating capability of 612 MW of renewable energy. The newly accomplished facility will contribute to MGen’s goal of developing as much as 1,500 MW of attributable renewable energy capability by 2030.
“We acknowledge the role of this facility in fostering energy independence and reducing our carbon footprint,” said Sharon O. Montaner, director on the Energy Regulatory Commission. “The Bongabon Solar project is an example of how private sector initiatives align with the GEA (Green Energy Auction) program, providing the much-needed boost to our country’s clean energy capability.”
This yr, MGreen anticipates the completion of one other solar plant in Cordon, Isabela, with a capability of 52.8 MWac, and the expansion of an existing solar facility in Baras, Rizal, increasing its capability to 12.6 MWac.
The corporate can be looking forward to completing the primary phase of the MTerra Solar project in Nueva Ecija next yr.
The project consists of a 3,500-megawatt-peak (MWp) solar energy plant and a 4,500-megawatt-hour (MWh) battery energy storage system. Once accomplished by 2027, it is anticipated to supply clean energy to greater than two million households.
MGen, the facility generation arm of Manila Electric Co. (Meralco), holds a portfolio with a combined gross capability of two,602 MW from each traditional and renewable energy sources.
Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Useful Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera
