Actis acquires 40% stake in Terra Solar Philippines for $600M

Meralco Power Gen Corp. closed a $600 million deal with Actis Rubyred, which acquired a 40% equity stake in Terra Solar Philippines Inc. (MTerra Solar). MTerra Solar is developing a 3,500 MW solar power project with 4,500 MWh battery storage in Nueva Ecija and Bulacan.

“This landmark investment marks a major step forward in our mission to accelerate the clean energy transition in the Philippines.”malaya.com.ph

• 1 source
• malaya.com.phMGen closes $600M deal with Actis Ruby red - Malaya Business InsightJed MacapagalMar 17, 2025

Summarized from public sources; check the original articles before acting on it.