Meralco to invest in more green energy projects

Published onJune 20, 2019

Manila Electric Co. (Meralco) on Tuesday said it is developing 1,000 megawatts of renewable energy projects in the next five to seven years. In a statement, Meralco President and Chief Executive Officer Ray C. Espinosa said the expansion is in keeping with the company’s unwavering shift to renewable energy and the adoption of sustainable practices. “Meralco is committed to developing large-scale renewable energy projects that can deliver competitive electricity for our customers, without any requirement for subsidy or support, while keeping environmental stewardship and sustainability as top priorities in our business,” Mr. Espinosa was quoted in a statement. Subsidiary MGEN Renewable Energy, Inc. (MGreen) is working on several renewable energy projects, primarily solar, wind and run-of-river hydro.