Meralco increases stake in Philippine’s largest solar developer

Meralco increases stake in Philippine’s largest solar developer

Manila Electric Company (Meralco), via its subsidary MGen Renewable Energy Inc, has increased its stake in SP New Energy Corporation (SPNEC) after the transfer of 10.8 billion exchangeable shares in a deal valued at PHP 13.76 billion ($233.5 million). The company is working on the world’s largest solar-plus-storage project currently under development…

https://www.pv-magazine.com/2025/10/30/meralco-increases-stake-in-philippines-largest-solar-developer/