en.Wedoany.com Reported - Manila Electric Company (Meralco), through its power generation subsidiary Meralco PowerGen Corp. (MGEN), has signed a memorandum of understanding with Vietnam's VinEnergo Energy Joint Stock Company (VinEnergo) to jointly explore the development of large-scale renewable energy and energy storage projects. The study aims to provide solutions for up to 5,000 megawatts (5 GW) of baseload equivalent power for the Philippines.
The initiative seeks to meet the country's growing electricity demand while advancing the transition to cleaner, more sustainable energy. Since renewable energy sources such as solar and wind are affected by weather conditions, achieving a stable and reliable power supply of 5,000 megawatts requires a larger installed capacity of renewable energy. Meralco stated that the project may require approximately 25,000 megawatts (25 GW) of integrated renewable energy generation, equipped with advanced energy storage systems.
The three parties believe that combining renewable energy with large-scale storage can help provide power supply as reliable as that from traditional power plants. The study will explore how to ensure reliable electricity using clean energy while reducing dependence on traditional fossil fuel power generation.
In addition to power generation, the agreement includes cooperation on system adequacy, power development planning, and deployment of emerging energy technologies. The partners will also explore electric vehicle charging infrastructure opportunities in residential, commercial, and fleet applications. MGEN President Emmanuel Rubio stated that the company is committed to finding reliable, affordable, and sustainable energy solutions. VinEnergo General Director Nguyen Anh Khoa emphasized the shared commitment of both organizations to advancing clean energy development and expressed optimism about future cooperation that will benefit communities. Meralco Executive Vice President and Chief Operating Officer Ronnie Aperocho noted that addressing energy challenges requires collaboration, and no single company or sector can achieve energy security alone.
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