Manila Bulletin
Meralco's SPNEC plans second major solar farm in Batangas
Metro Pacific Investments Corp. (MPIC) is planning a second large-scale solar project in Batangas through its solar power producer subsidiary, SP New Energy Corporation (SPNEC).
SPNEC is exploring potential sites in Batangas for the "Terra Solar 2" project.
This new project will be in addition to the ongoing development of the world's largest solar farm by subsidiary Terra Solar Philippines Inc. (TSPI) in Nueva Ecija and Bulacan.
The initial Terra Solar project is a 3,500-megawatt solar farm with a 4,000-megawatt-hour energy storage system, targeted for completion by 2027 with an estimated cost of P200 billion.
MPIC's chairman, Manuel V. Pangilinan, confirmed discussions with SPNEC founder Leandro Leviste regarding the Batangas site, but noted that nothing is finalized.
Leviste informed them that land is available in Batangas, potentially spanning "several thousand hectares," though it may not be as large as the first Terra Solar project.
The potential Batangas project will be undertaken by SPNEC, which will soon be renamed MGreen following the injection of other solar assets into the company by Meralco Power Gen Corporation (MGen).
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