MANILA, Philippines – The power-generation arm of Manila Electric Co. eyes a stronger grip in the renewable energy market with a target of 25,000 megawatts (MW) of capacity through a tie-up with Vietnam’s VinEnergo Energy.
Meralco PowerGen Corp. (MGEN) said it had signed a memorandum of understanding with VinEnergo to explore efforts in realizing energy security, particularly focused on the Philippines’ shift to clean electricity.
READ: SunAsia, VinEnergo earmark $406M for floating solar projects
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The firing up of 25,000 MW of integrated renewable energy and storage system capacity is envisioned to provide the local market with up to 5,000 MW of baseload equivalent capacity.FEATURED STORIES
