SP New Energy unit seals deals for MTerra solar project
SP New Energy Corp. has signed agreements for its MTerra solar project, which includes a significant solar farm and battery energy storage system. This project is expected to contribute to the company's renewable energy capacity, potentially enhancing its market position and shareholder returns.
- Agreements signed for the MTerra solar project in Central Luzon.
- Project includes a 3,500 MWp solar farm and 4,500 MWh battery storage.
- First phase expected to go online by 2026.