# 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.

- Type: Acquisition
- Announced: 2025-03-17
- Where: Nueva Ecija and Bulacan, Philippines
- Value: $600.0M
- Status: completed
- Capacity: 3500 MW solar, 4500 MWh battery storage
- Products: solar power, battery energy storage
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Actis](https://endata.com/companies/27319.md) (acquirer)
- [SP New Energy Corp.](https://endata.com/companies/83559.md) (partner)
- [Terra Solar Philippines](https://endata.com/companies/83560.md) (target)

## Sources

- [malaya.com.ph](https://malaya.com.ph/business/corporate/mgen-closes-600m-deal-with-actis-ruby-red/), 2025-03-17: "This landmark investment marks a major step forward in our mission to accelerate the clean energy transition in the Philippines."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.