MANILA Electric Co. (Meralco) said Thursday that subsidiary MGen Renewable Energy Inc. (MGreen) signed an investment deal for an undisclosed amount with Vena Energy Philippines to develop a solar plant in Pangasinan.
MANILA Electric Co. said Thursday that subsidiary MGen Renewable Energy Inc. signed an investment deal for an undisclosed amount with Vena Energy Philippines to develop a solar plant in Pangasinan.Under the agreement, both companies will jointly build and operate the 450-megawatt alternating current Bugallon solar power project, which is under 3 Barracuda Energy Corporation.
'Beyond ink and paper, the signing of this investment agreement for our 450-MWac solar power project in Bugallon, Pangasinan is a testament to our commitment to power the good life of many Filipinos through solar energy,' MGreen President and Chief Executive Officer Dennis Jordan said.Meanwhile, Vena Energy CEO Nitin Apte said they are also committed to accelerating energy transition and advancing renewable solutions that foster sustainable growth.
Unit Vena Ink Solar Project Deal
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meralco's rates up slightly in AugMANILA, Philippines — There will be a P0.0327 increase in Manila Electric Company's (Meralco's) rates in August, the power distributor said on Monday (Meralco).
Read more »
Manila fans wax euphoric on NCT DREAM's Manila returnSensational K-Pop boy band NCT DREAM made their highly anticipated return to Manila with their ongoing tour, The Dream Show 3.
Read more »
Spectacular debut of Manila Bridal Fair by Manila Prince HotelTHE first Manila Bridal Fair by Manila Prince Hotel unfolded in grand style at the Grand Ballroom on July 26 and 27, 2024.
Read more »
Manila Standard, Author at Manila StandardDefining the News
Read more »
Animals in Manila Zoo are not imprisoned, says Manila LGULatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Ultraboost 5 pumps up Manila runners' energyAdidas has taken another bold step forward in the world of running shoes with the unveiling of the Ultraboost 5, designed to give runners the highest energy return in the brand's history.
Read more »