Pasig City, Philippines — 6 August 2025 — Executives from Meralco PowerGen Corporation (MGEN) and ACWA Power paid a courtesy call on President Ferdinand R. Marcos Jr. at Malacañang Palace to present their joint strategy for advancing utility-scale renewable energy development in the Philippines.
The visit follows the recent signing of a memorandum of understanding (MOU) between MGEN and ACWA Power, formalized during the ASEAN Summit in Kuala Lumpur. The partnership aims to co-develop large-scale solar and other renewable energy projects, with up to 1,700 MW of potential capacity currently under evaluation across the country.
Leading the delegation were Meralco and MGEN Chairman Manuel V. Pangilinan and ACWA Power Chairman Mohammad Abunayyan. They were joined by MGEN President and CEO Emmanuel V. Rubio, ACWA Power CEO Marco Arcelli and Vice President for Business Salman Baray, Department of Energy Secretary Sharon Garin, MGEN Renewable Energy Inc. (MGreen) President and CEO Dennis B. Jordan, and Metro Pacific Investments Corporation Government Relations and Public Affairs Head Atty. Mike Toledo.
The partnership brings together ACWA Power’s 78.8 GW global portfolio and MGEN’s 5.0 GW domestic capacity to support the Philippines’ renewable energy goals of 35 percent by 2030 and 50 percent by 2040, while reinforcing investor confidence in the country’s energy transition efforts.
 and ACWA Power paid a courtesy call on President Ferdinand R. Marcos Jr. at Malacañang Palace to present their joint strategy for advancing utility-scale renewable energy development in the Philippines.){kind=link}