Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

SPNEC taps Energy China for Terra Solar construction

by
November 19, 2024
in Top News
0
SPNEC taps Energy China for Terra Solar construction
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter
TERRA SOLAR awards engineering, procurement, and construction contract to Energy China for world’s largest solar power plant.

TERRA SOLAR Philippines, Inc. (TSPI), a subsidiary of SP New Energy Corp. (SPNEC), has tapped China Energy Engineering Group Co. Ltd. (Energy China) to develop a portion of its solar project in Central Luzon.

TSPI awarded the engineering, procurement, and construction (EPC) contract to Energy China, which operates in 140 countries, the company said in a statement on Tuesday.

“Our partnership with Energy China guarantees a seamless, turnkey delivery of key components for the Terra Solar project,” TSPI said.

SPNEC’s TSPI is constructing a P200-billion project consisting of a 3,500-megawatt-peak (MWp) solar power plant and a 4,500-megawatt-hour (MWh) battery energy storage system, aimed at providing power to two million households.

SPNEC is now controlled by the Pangilinan group through MGen Renewable Energy, Inc., the renewable energy development arm of Meralco Power Gen Corp. (MGen). The latter is a unit of Manila Electric Co. (Meralco).

“Choosing Energy China as our EPC partner was not a mere whim; we made sure that we selected a company with an exceptional track record in delivering complex, large-scale renewable energy projects around the world,” TSPI President and Executive Director Dennis B. Jordan said.

Energy China and its affiliates will oversee all aspects, including procurement, design, engineering, permitting, manufacturing, testing, logistics, and on-site delivery, ensuring the project is executed “efficiently and comprehensively,” TSPI said.

Under the agreement, Energy China will also provide warranty coverage, promptly address any defects, and implement robust operational and maintenance protocols to ensure the project’s long-term reliability and success.

Moreover, the company will develop specialized training programs for local teams and collaborate closely with stakeholders to facilitate the smooth integration of the project into the national grid, including the incorporation of the battery energy storage system.

“This partnership is more than just a business deal — it is a catalyst for progress and development. Through this collaboration for Terra Solar, we aim to accelerate the nation’s energy transition journey and contribute to a cleaner, more sustainable future,” MGen President and Chief Executive Officer (CEO) Emmanuel V. Rubio said.

Meralco Chairman and CEO Manuel V. Pangilinan said that the agreement “goes beyond what it is but a commitment by Meralco and MGen to change the energy landscape.”

“By combining variable renewable energy from solar with advanced battery storage, Terra Solar will provide 850 MW of mid-merit, clean, and reliable energy, making it competitive with conventional power plants,” TSPI said.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

ShareTweetPin

Related Posts

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026
Top News

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026

June 11, 2026
FTSE 100 edges higher as investors balance financial recovery and AI risks
Top News

FTSE 100 edges higher as investors balance financial recovery and AI risks

June 11, 2026
SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares
Top News

SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares

June 11, 2026
Dow futures surge 370 points: 5 things to know before market opens
Top News

Dow futures surge 370 points: 5 things to know before market opens

June 11, 2026
Why Claude Mythos Preview is a wake-up call for Wall Street
Top News

Why Claude Mythos Preview is a wake-up call for Wall Street

June 11, 2026
SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63
Top News

SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63

June 11, 2026
Next Post
ERC clears NGCP’s P38.09-B transmission projects

ERC clears NGCP’s P38.09-B transmission projects

Recommended

PHL breaks ground on world’s largest solar and battery storage facility

PHL breaks ground on world’s largest solar and battery storage facility

November 21, 2024
“Welcome to the Rendezvous Office: Where Design Connects”

“Welcome to the Rendezvous Office: Where Design Connects”

November 27, 2024
How to Stimulate the Vagus Nerve

How to Stimulate the Vagus Nerve

November 7, 2024
Get the Best AC Duct Cleaning in Dubai for a Healthier Home

Get the Best AC Duct Cleaning in Dubai for a Healthier Home

November 12, 2024

PEZA-IEK HQ to power Baguio ecozone

September 24, 2024
Toby’s Sports triumphs at Retail Asia Awards

Toby’s Sports triumphs at Retail Asia Awards

November 25, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Central bankers grow nervous about AI funding

    Central bankers grow nervous about AI funding

    June 30, 2026
    Honeywell Aerospace makes strong debut after spinoff

    Honeywell Aerospace makes strong debut after spinoff

    June 30, 2026
    Hotel prices have actually fallen in these major cities

    Hotel prices have actually fallen in these major cities

    June 30, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved