UMVA has learned that MGEN Renewable Energy, the green arm of a major power generator, is setting its sights on the untapped winds of the Philippines.
President and CEO Dennis B. Jordan revealed that the company, already a powerhouse of solar farms and battery storage, is now scouting both on‑shore and offshore wind sites to broaden its clean‑energy portfolio.
“We’re certainly interested,” Jordan told reporters at an energy forum, adding that dismissing on‑shore wind would be a mistake even as the firm finalizes its plans.
The offshore wind frontier, still in its infancy locally, is also under close review, promising a new horizon for the nation’s renewable ambitions.
Today MGEN Renewables operates more than 400 MW of sellable capacity across seven solar locations, stretching from Bulacan to Ilocos Norte, while its parent company commands over 5,000 MW of combined conventional and renewable output.
Ambitious goals drive the strategy: the parent aims to double total capacity to roughly 10,300 MW by 2030, shifting the balance away from LNG, which currently dominates its mix.
Jordan forecasted a rapid surge in renewable capacity over the next two years, buoyed by large‑scale projects such as the MTerra Solar complex, touted as one of the world’s largest integrated solar‑and‑battery installations.
With an estimated price tag of P200 billion, MTerra will house a 3,500‑MW solar plant and a 4,500‑MWh storage system across Nueva Ecija and Bulacan, slated to power about 2.4 million households, with the first phase expected to finish by August.
Looking ahead, MGEN Renewables plans to inject assets from its subsidiary SP New Energy Corp. by late 2026 and launch a public offering in early 2027, timed to coincide with MTerra’s commercial rollout.
