World’s largest hybrid solar site in Luzon nearly finished

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Meralco PowerGen Corp., through subsidiary SP New Energy Corp., signs a strategic partnership with UK-based Actis Capital for the latter’s 40-percent equity stake in Terra Solar, the developer of what would be the biggest solar farm with battery storage in the world. Signing the deal on Sept.

“It’s the contractual arrangement. I think by the end of September, it’s going to be about 80 to 90 percent completed already,” Pangilinan said. Pangilinan welcomed the entry of UK fund manager Actis Capital in Terra Solar with its $600-million investment in the P213-billion project.

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