The project, which will deliver 3,500 MWp of solar and 4,500 MWh of battery energy storage capacity, is a critical step in meeting the country''s goal of 35% renewable energy share by 2030, and 50% by 2040.
Executive summary The deployment of solar and battery storage across utility scale projects, domestic and commercial installations support economic activity and jobs.
The Philippine government has officially launched the fourth round of its Green Energy Auction (GEA-4), announced today by the Department of Energy (DOE). This auction introduces a groundbreaking feature: the
The Meralco Terra (MTerra) Solar Project is expected to be the largest integrated solar and battery facility globally. In his speech in Nueva Ecija, the president noted the significance of the landmark project in the Philippines.
MTerra Solar Project Breaks Ground: A Monumental Milestone in the Philippines'' Renewable Energy Transition. Terra Solar Philippines, Inc. (TSPI), together with Meralco PowerGen Corporation (MGEN) and SP New
Based on our analysis, the global residential solar market is likely to stabilize between 2026 and 2030 at around 35 gigawatt deployments per year, still above 2022''s install rate (which was already roughly 40 percent higher
🇩🇪 The forecast until 2026 expected by SolarPower Europe is that Germany remains as the leader driven by the strong residential PV development and the aim of reducing the electricity bill.
In the Philippines, where power prices are high and grid reliability remains a challenge, solar investments are paying back faster than ever. With the right design and financing, many users are seeing full ROI in
What''s your take on the MTerra Solar Project and MGEN''s energy portfolio expansion? Join the conversation and share your views on how this development shapes the future of clean and reliable energy in the region.
Discover key opportunities and challenges in the Philippines'' solar energy market for 2025. Learn about growth trends, policies, and investment prospects.
The Board of Investments (BOI) has granted a green lane endorsement certificate to Terra Solar Philippines, Inc. (TSPI) for its ambitious Terra Solar project, which includes a 3,500 megawatts (MW) solar plant with a
Acciona Energia launches its first Philippine solar plant, a €120M project in Cebu, set to power 300,000 homes by 2026, boosting renewable energy goals. Acciona Energia has
This strategic partnership will channel the investment towards the joint development and expansion of the solar PV power plant and BESS. Under the agreement,
Together, solar and battery storage account for 81% of the expected total capacity additions, with solar making up over 50% of the increase. Solar. In 2024, generators
Phillippines President Marcos Jnr said the ground breaking marks a leap towards the future driven by innovation and sustained by our collective hope for a cleaner and greener Philippines. "We stand together at
Terra Solar Philippines'' (MTerra Solar) ₱200-billion worth solar and battery facility is expected to start operations in the first three months of 2026, according to BDO
Landmark dev''t President Ferdinand Marcos Jr. (center) leads the groundbreaking ceremony of the MTerra Solar Project, the world''s largest integrated solar and
The announcement of the constructing of what will be "the largest solar project in the world" has now come from the Philippine Islands. The solar park, called Terra Solar, will
It will deliver power to 2.4 million houses and cut emissions by 3.6 million tonnes yearly. Meralco PowerGen Corp. (MGen) expects to lead the energy transition in the Philippines with what could be the world''s largest solar
The first phase of MTerra Solar is scheduled for completion by 2026, with the second phase expected to follow in 2027. Upon completion, the project will provide clean and sustainable power to
Solar Philippines Nueva Ecija Corporation is advancing work on its ambitious 3.5-GW Terra Solar project, with site clearing activities underway in preparation for the
The Philippines makes history by launching the world''s largest solar and battery project, advancing renewable energy efforts.
The Philippines'' push for more renewables is taking shape, with more than 11,000 megawatts (MW) of clean energy capacity expected by 2030.
What is set to become the world''s largest solar and battery storage facility, the Meralco Terra Solar Project (MTerra) in the Philippines, got a boost to hasten its completion
A key highlight of the meeting was the MTerra Solar Project —touted as the largest clean energy project in Philippine history. Officially launched in November 2024, the project spans 3,500 hectares across Nueva
A large-scale solar and battery energy storage project in the Philippines is moving forward faster than expected, with 54% of the first phase completed just eight months
SP New Energy Corp. has broken ground for the Terra Solar development in Nueva Ecija and Bulacan, touted as the world''s largest solar project.
Phillippines President Marcos Jnr said the ground breaking marks a leap towards the future driven by innovation and sustained by our collective hope for a cleaner and
Solar Installed System Cost Analysis NREL analyzes the total costs associated with installing photovoltaic (PV) systems for residential rooftop, commercial rooftop, and utility-scale ground-mount systems. This work has
Under a 20-year, 850-MW power supply agreement with Meralco, the Terra Solar project will begin delivering clean solar energy by February 2026, with the full 850-MW expected by 2027.
Philippines government''s Board of Investments (BOI) has issued a ''green lane'' endorsement certificate to Terra Solar Philippines, Inc. (TSPI) for its ''Terra Solar'' energy
According to Solar Philippines New Energy Corporation (SPNEC), the energy company behind the project, it should be finished in two years and will have 5 million solar panels. The solar park, called Terra Solar, will have 3,400 to 3,500 MW of solar panels and 4,000 MWh of battery storage.
Terra Solar Philippines’ (MTerra Solar) ₱200-billion worth solar and battery facility is expected to start operations in the first three months of 2026, according to BDO Unibank, Inc., the biggest lender to the multi-billion-peso project finance facility.
Previous reports by Manila Bulletin noted that the total project funding is anticipated to be the world's largest solar and battery facility in Central Luzon. “This project is set to commence commercial operations in the first quarter of 2026 for Phase 1,” BDO said.
The project will extend 60 kilometers to connect to NGCP’s (National Grid Corp. of the Philippines) substations that supply the Greater Manila Area. Analyst pointed out that legal changes and a more open energy market have made the Philippines a go-to place for developing large-scale solar project in Southeast Asia.
The solar park, called Terra Solar, will have 3,400 to 3,500 MW of solar panels and 4,000 MWh of battery storage. It will be built on an 3,500 hectares of forest land in Nueva Ecija and Bulacan, in Central Luzon. The investment will amount to around 3.3 billion euros, and in total, the complex could generate more than 5 billion KWh per year.
“We closed 2024 with a net sellable capacity of 2,436 MW across the Philippines and Singapore, delivering a total of 15,296 GWh—a 7% increase year-on-year,” Rubio reported. A key highlight of the meeting was the MTerra Solar Project —touted as the largest clean energy project in Philippine history.
