MANILA, Philippines — Seeking to aggressively expand its clean energy pipeline through government-guaranteed long-term off-take contracts, the power generation arm of the country’s largest electricity distributor is setting its sights on the state’s upcoming bidding rounds. Meralco PowerGen Corporation (MGEN) is closely monitoring the Department of Energy’s (DOE) next waves of the Green Energy Auction (GEA) program.
The company emphasized that state-backed auctions are critical for private developers, as they establish stable pricing frameworks that justify large-scale capital investments in the country’s transitioning power sector.
Speaking on the sidelines of an energy forum hosted by the Economic Journalists Association of the Philippines, Dennis Jordan, president and CEO of MGEN Renewable Energy Inc. (MGreen), highlighted the firm’s track record in rapidly executing its state-committed clean energy assets.
The company points to its capacity to deliver awarded projects from the second round of government auctions (GEA-2) well ahead of their initial timelines:
[ GEA-2 PROJECT VELOCITY ]
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[ CORDON SOLAR PARK ] [ BONGABON SOLAR PARK ]
• **Location:** Isabela • **Location:** Nueva Ecija
• **Capacity:** 52.8 Megawatts (MW) • **Capacity:** 19.8 Megawatts (MW)
• **Execution:** Commissioned **four • **Execution:** Commissioned **six
months ahead** of schedule. months ahead** of its original timeline.
MGEN is heavily focused on expanding its clean energy presence beyond its traditional strongholds in Luzon, eyeing a multi-gigawatt development roadmap across the archipelago.
[ MGEN RENEWABLES CAPACITY ROADMAP ]
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[ CURRENT OPERATIONAL BASE ] [ THE 2-YEAR TARGET GRID ]
• **408 Megawatts (MW):** The group’s active operational clean energy • **3,400 Megawatts (MW):** Total capacity goal targeted for
portfolio across its current solar assets. unfolding over the next two years.
• **Wind Power Diversification:** The company is actively exploring the • **The Portfolio Merge:** Plans are underway to inject assets from
possibility of developing its first onshore wind parks. MGreen and SP New Energy Corp. (SPNEC) to form a unified entity.
Independent of its upcoming auction bids, MGEN is moving forward with the construction of the mammoth MTerra Solar project in Luzon.
| Flagship Asset Feature | Technical Spec & Allocation | Projected Economic & Grid Impact |
| Total Project Capital | ₱200-Billion Investment | Backed by a historic ₱150-billion single-tranche development loan closed by the group. |
| Generation Output | 3,500 Megawatts (MW) | Engineered to safely supply reliable, clean electricity to 2.4 million Filipino homes. |
| Integrated Storage | 4,000 Megawatt-Hour (MWh) | Paired with a massive battery energy storage system (BESS) to manage solar intermittency. |
| Grid Integration | Targeted for 2027 | The initial development phase is expected to begin feeding power directly into the Luzon grid ahead of full completion. |
The move aligns with the DOE’s overarching mandate to add an additional 20,000 MW of renewable energy capacity to the national grid. Under the direction of DOE chief Sharon Garin, upcoming specialized bidding rounds for this year will target specific categories—including offshore wind, biomass, and waste-to-energy assets—alongside an exclusive bidding round dedicated to ground-mounted and floating solar grids across Mindanao. By leveraging its corporate structure and scaling up its partnership footprint, MGEN intends to secure a dominant market share in the state’s green transition framework, positioning itself as a primary driver of sustainable energy infrastructure.
