Meralco PowerGen Corporation (MGEN) and Korea Electric Power Corporation (KEPCO) announced the signing of a Deed of Accession and Amendment formalizing the replacement of Solar Philippines Power Project Holdings, Inc. (SPPPHI) by MGEN unit SP New Energy Corporation (SPNEC) in the 63.3 MWp Calatagan Solar Farm in Batangas, reinforcing their strategic partnership in the Philippine energy sector.
The agreement affirms their shared commitment as joint shareholders in one of Batangas’ largest solar farms, reflecting their broader goal of accelerating the country’s renewable energy transition and pursuing emerging technology opportunities.
This builds on earlier milestones between KEPCO and the One Meralco Group, including a February 2025 memorandum of understanding covering potential collaboration in nuclear energy, renewable energy, smart grids, microgrids, energy storage systems (ESS), electric vehicles, advanced metering infrastructure, smart substations, and distribution automation.
Looking ahead, KEPCO and MGEN plan to expand collaboration beyond solar into other renewable energy projects including wind and ESS, further diversifying the Philippines’ energy portfolio.
KEPCO Philippines Holdings, Inc. President & CEO Jeon Yongsu said: “This agreement is a testament to the trust and cooperation that KEPCO and MGEN have built over the years. Together, we are creating a stronger foundation to accelerate renewable energy development in the Philippines and set a benchmark for strategic energy partnerships across Asia.”
MGEN President & CEO Emmanuel V. Rubio added: “Our strengthened partnership with KEPCO underscores MGEN’s commitment to advancing clean energy and supporting the country’s sustainability goals. By working hand in hand, we aim to not only ensure the continued success of the Calatagan Solar Farm but also unlock new opportunities for innovation and growth in the Philippine energy sector.”
