A new solar farm is set to rise in Ilocos Norte thanks to a venture deal inked by MGen Renewable Energy Inc. (MGreen) with Singapore-headquartered Vena Energy. 

The new 68-megawatt ac (MWac) infrastructure by MGreen, a subsidiary firm of Meralco PowerGen Corporation, will be established in partnership with Nuevo Solar Energy Corporation (NSEC), who’ll be tasked with the blueprinted solar installation of the facility inside the municipality of Currimao. 

The structure will lie close to the existing 16MWac solar facility to be developed by Vena Energy, which is expected to go commercial by the third quarter of 2023.

According to MGen and Global Business Power Corporation (GBP) President & CEO Jaime Azurin, this new energy project in Ilocos Norte is part of their “ongoing 1,500MW target of renewable energy projects.”

Azurin said this further demonstrates Meralco’s commitment to sustainability and “transition towards low-carbon energy in an orderly and cost-competitive manner.”

Head of Vena Energy Philippines Samrinder Nehria said their company is “delighted to have MGreen as our partner for the joint development, construction, and operation of (the Ilocos solar) project,” 

Nehria adds that the combination of Vena and MGen’s “experience and on-the-ground execution” will “make significant impact in accelerating the energy transition in the Philippines.”

“We are confident that our local knowledge and expertise will successfully deliver this project to the region,” he added. 

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Image credit: Markus Spiske via Unsplash