MGen Renewable Energy Incorporation (MGreen), a subsidiary of Meralco, has partnered with Vena Energy Philippines to develop a 450 MWac solar power project in Bugallon, Pangasinan, Philippines.
This joint venture , under 3 Barracuda Energy Corporation, will see both companies collaborate to build and operate the solar plant. The financial closing and construction of the project are expected to commence by third quarter of  2024, with commercial operations targeted to be completed by last quarter of 2025.