Actis invests in ''world''s largest'' Philippines solar,
The firm has agreed to partner with utility Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy
In March 2025, Actis acquired a stake in Terra Solar Philippines, Inc. (“MTerra Solar”), with MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (“SPNEC”).
The project will have 3.5GW of installed solar PV capacity and 4.5GWh of installed battery energy storage system (BESS) capacity, making it one of the largest integrated renewable and energy storage projects globally by battery storage capacity once fully commissioned.
A total of 3.5 GWp of solar capacity and 4.5 GWh of battery energy storage systems (BESS) will be installed on the island of Luzon, about 100 km (62 mi) from Manila, across a 3,500-acre site. The hybrid park is expected to produce enough electricity to meet the needs of about 2.4 million households.
Consisting of 3,500 megawatts peak (MWp) photovoltaic (PV) capacity and 4,500 megawatt-hours (MWhr) Battery Energy Storage System (BESS), the project is set to become the biggest solar-battery system facility in the world.
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