Technical FAQs 4

Who owns 100% of Solar Philippines?

The transaction with Solar Philippines New Energy Corporation, which currently owns 100% of the project, was announced at a signing ceremony in Pasig City, Philippines, attended by Torbjorn Caesar, Chairman and Senior Partner at Actis, Manuel V. Pangilinan, Chairman of Meralco, and Emmanuel V. Rubio, CEO of Meralco PowerGen (MGen).

Who owns Terra Solar Philippines?

UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and energy storage project in a deal worth USD 600 million (EUR 550.5m). Image by: Actis. The transaction was sealed with MGEN Renewable Energy Inc, a unit of Manila Electric Company (PSE:MER), or Meralco.

What is the impact of a solar power project in the Philippines?

The project has strong sustainability credentials, notably because of its impact in decarbonising the Philippines’ energy system (SDG7), but also by generating power to support economic development (SDG8), creating more than 10,000 new jobs (SDG8), and facilitating local development (SDGs3+4).

Where in the Philippines will a solar power plant be located?

The project, which is strategically located on the Philippines’ main island of Luzon, about 100km from Manila, will combine 3.5GWp of solar PV capacity with 4.5GWh of battery energy storage system (BESS).

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Actis to invest 3.5GW solar and 4.5GWh storage project in the Philippines

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Aug 16, 2024 · Explore the Philippines'' new solar project featuring cutting-edge battery storage systems, aimed at boosting renewable energy capacity and sustainability.

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Sep 9, 2024 · Actis, a leading global investor in sustainable infrastructure, has agreed to enter a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar

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Sep 10, 2024 · The firm has agreed to partner with utility Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy

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Mar 20, 2025 · UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and

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Sep 10, 2024 · The firm has agreed to partner with utility Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, to invest in the Terra Solar Project.

$600M Secured for Massive Solar-Storage Project in the Philippines

4 days ago · UK investment firm Actis has finalised its $600 million investment in Terra Solar Philippines Inc., securing an equity stake in a ground-breaking GW-scale solar and energy

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Sep 12, 2025 · Actis, a global leader in sustainable infrastructure investment, has formed a strategic partnership with Manila Electric Company

Actis to invest 3.5GW solar and 4.5GWh

Sep 11, 2024 · The investment firm Actis has signed a strategic partnership with Manila Electric Company (Meralco), and its subsidiary, Solar

Actis invests in world''s largest integrated renewables and energy

Sep 6, 2024 · The Terra Solar Project will provide electricity to circa 2.4 million Philippine households2 The transaction represents the largest foreign direct investment for a greenfield

Philippines Solar Advanced Battery Storage

Aug 16, 2024 · Explore the Philippines'' new solar project featuring cutting-edge battery storage systems, aimed at boosting renewable energy

Actis Invests in World''s Largest Integrated Renewable Energy

Sep 12, 2025 · Actis, a global leader in sustainable infrastructure investment, has formed a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar

Actis Invests in 3.5 GW/4.5 Gwh of Solar-Plus

Sep 10, 2024 · The Terra Solar project consists of 3.5 GW of solar and 4.5 GWh of battery energy storage system (BESS). It is set to cover 3,500

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