MPower, the local retail electricity supplier unit of Manila Electric Company (Meralco), will be adding more renewable energy (RE) sources in its supply portfolio as part of its sustainability thrust and its support to the government’s push for clean energy.
MPower is the sole offtaker or buyer of Nuevo Solar Energy Corp.’s (NSEC) 68-MW solar farm located in Currimao, Ilocos Norte, which commenced commercial operations last March. NSEC is a joint venture between MGen Renewable Energy, Inc., and Vena Energy.
“This new partnership marks an important milestone in our commitment to continue diversifying our supply portfolio by taking in more renewable energy projects, not only to meet the demand of our customers for sustainable energy, but also to support the national agenda to transition to clean energy sources.” .
Roberto R. Almazora, senior vice president and head of MPower
As of end-March, MPower serves customers with a combined requirement of more than 1,000 MW of which 180 MW are sourced from renewable energy. MPower is set to increase this capacity to 800 MW in the next two years.
“As the consciousness towards sustainability grow, we expect demand for RE to similarly increase. By 2025, our target is for RE to account for at least 40 percent of our total supply mix,” Almazora added.
Since its inception in 2013, MPower committed to deliver stable and reliable energy, provide best-in-class energy solutions and drive various initiatives in line with Meralco’s sustainability agenda.
Further cementing MPower’s commitment, Almazora said: “We have always been one with the government in its transition to clean energy sources. We are currently working on further expanding our renewable energy portfolio and this new partnership is another step closer to making this happen.”
