MGEN Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGEN), has inaugurated its 19.8-megawatt (MWac) solar power plant in Barangay Pesa, Bongabon, Nueva Ecija.
This is the first project in the second Green Energy Auction or GEA-2 program for renewable energy of the Department of Energy (DOE) to be completed ahead of schedule — at least six months before its original completion.
MGreen Bongabon Solar is estimated to provide power supply to the growing energy requirements of at least 20,000 households and establishments.
The new solar facility supports the DOE's goal of increasing the renewable energy share in the country's power mix to 35 percent by 2030 and 50 percent by 2040.
"More than just a solar power plant, MGreen Bongabon Solar is about creating opportunities, reducing our carbon footprint, and setting a new standard for renewable energy initiatives in our country," MGreen President and CEO Dennis Jordan said.
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MGreen Bongabon Solar is expected to reduce greenhouse gas emissions by at least 19,000 tons of carbon dioxide per year which is equivalent to carbon sequestered of at least 211 tree seedlings grown for 10 years using the greenhouse gas equivalencies calculator.
The local government of Bongabon welcomed this development, emphasizing its positive impact on their constituents.
Just like the other energy projects of MGEN, it is a priority to hire qualified and skilled residents in the area to ensure that the economic benefits of the project are felt by the impact communities where it operates.