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SP NEW ENERGY CORPORATION

MGEN Renewables, Inc. (formerly known as SP New Energy Corporation) Eyes 2026 Profit Turnaround as MTerra Solar drives Earnings

November 3, 2026

Following Security Exchange Commission’s approval, SP New Energy Corporation (SPNEC) has been renamed to MGEN Renewables, Inc. (MGENR). It is expected to post its first full-year profit in 2026. 28 October 2026 – Pasig City, Philippines – SP New Energy Corporation (SPNEC) now renamed to MGEN Renewables, Inc. (MGENR), expects to post its first full-year profit in 2026, with expected net income of around Php700 million for FY 2026, as …

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

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*VIDEO FOR VISUALIZATION PURPOSES ONLY

SOLAR PHILIPPINES

NUEVA ECIJA CORPORATION

November 3, 2026

MGEN Renewables, Inc. (formerly known as SP New Energy Corporation) Eyes 2026 Profit Turnaround as MTerra Solar drives Earnings

Following Security Exchange Commission’s approval, SP New Energy Corporation (SPNEC) has been renamed to MGEN Renewables, Inc. (MGENR). It is expected to post its first full-year profit in 2026. 28 October 2026 – Pasig City, Philippines – SP New Energy Corporation (SPNEC) now renamed to MGEN Renewables, Inc. (MGENR), expects to post its first full-year […]
September 4, 2026

MTerra Solar Phase 1 Begins Commercial Operations

The MTerra Solar project is a key part of MGEN’s growing renewable energy portfolio and its commitment to supporting the Philippines’ energy transition. Pasig City, Philippines – 03 September 2026 — MTerra Solar Phase 1 has officially declared commercial operations for 600MWac mid-merit capacity under its Power Supply Agreement (PSA) with Meralco, marking a major […]
July 14, 2026

MGEN Inaugurates MTerra Solar Phase 1

Public and private sector officials at the MTerra Solar Phase 1 Inauguration. Seen on the photo (from L-R) are: Gen. Tinio Mayor Sherry Ann Bolisay; Gapan Mayor Joy Pascual; Nueva Ecija Rep. Emerson Pascual; MGEN President and CEO Emmanuel V. Rubio; Department of Energy Secretary Hon. Sharon S. Garin; First Lady Liza Araneta-Marcos; Republic of […]
March 30, 2026

MTerra Solar Powers Up 250 MW, Boosting Energy Supply Amid Global Volatility

First tranche of Battery Energy Storage System (BESS) now delivers 450MWhr to the grid at night which represents the largest operational BESS available in the Philippines. Pasig City, Philippines – 30 March 2026 – Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has successfully energized the first 250-megawatts (MW) of […]
March 16, 2026

MTerra Solar Now Delivering Power to the Luzon Grid

The MTerra Solar project is set to become the Philippines’ largest integrated solar PV and battery facility. Once fully completed, it will deliver 3,500 MWp of solar PV capacity paired with 4,500 MWh of BESS. Pasig City, Philippines – 14 March 2026 – Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra […]
February 18, 2026

MTerra Solar Phase 1 Now Energized and Synchronized with the Luzon Grid

MGEN, Actis, DOE, and NGCP officials mark the initial synchronization and energization of MTerra Solar – achieved in less than 15 months since its groundbreaking. Pasig City, Philippines – 14 February 2026 – Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has successfully completed the initial grid synchronization and energization […]
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SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

Click here to register

*FOR VISUALIZATION PURPOSES ONLY