Philippine Solar Container 2MWh Transaction

4 FAQs about [Philippine Solar Container 2MWh Transaction]

Who owns Terra Solar Philippines?

UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and energy storage project in a deal worth USD 600 million (EUR 550.5m). Image by: Actis. The transaction was sealed with MGEN Renewable Energy Inc, a unit of Manila Electric Company (PSE:MER), or Meralco.

Does Actis own terra Solar Philippines Inc?

(USD 1.0 = EUR 0.918) UK investment firm Actis has finalised its investment in Terra Solar Philippines Inc, thus taking an equity stake in a GW-scale solar and energy storage project in a deal worth USD 600 million (EUR 550.5m).

Where did Terra solar get its USD600 million investment?

Terra Solar gets its foreign investments of USD600 million from UK investment house Actis. (PNA photo by Kris M. Crismundo) MANILA – London-based investment house Actis formalized its USD600 million investments in the Philippines for the development of the country’s largest single-site solar power project.

How much energy will mterra solar supply to Meralco?

As of end-March 2025, the project has reached 35% overall progress. Once completed, MTerra Solar will supply 850 MW of mid-merit renewable energy to Meralco under a Power Supply Agreement.

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