(1st UPDATE) MTerra Solar, a subsidiary of SP New Energy Corporation founded by Batangas 1st District Representative Leandro Leviste, is currently building the (1st UPDATE) MTerra Solar, a subsidiary of SP New Energy Corporation founded by Batangas 1st District Representative Leandro Leviste, is currently building the

Meralco’s MGEN chief replaces Leviste on Terra Solar board

2026/01/23 16:05
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

MANILA, Philippines – Batangas 1st District Representative Leandro Leviste has left the board of directors of Terra Solar Philippines (MTerra Solar), the company building the world’s largest solar and battery storage facility.

In a statement, MTerra announced that Leviste left the board on Wednesday, January 21, as part of a reorganization of its board of directors as the company prepares to inject power from its flagship solar project into the national grid.

The MTerra Solar Project, a joint venture between Meralco PowerGen Corporation (MGEN), then-SP New Energy Corporation (SPNEC), and British investment firm Actis, aims to generate up to 3,500 megawatts-peak of solar power. It will also house a 4,500 megawatt-hour battery energy storage system.

Emmanuel Rubio, president and chief executive officer of MTerra Solar’s parent firm MGEN, will replace Leviste on the board.

“The transition marks a natural progression for MTerra Solar as it approaches commissioning. Strengthening board leadership at this stage ensures closer alignment between strategic oversight, system integration, and operational execution as we move toward delivering clean, reliable power to the grid,” Rubio said.

MTerra Solar said its 500-kilovolt substation was recently linked to the Nagsaag-San Jose 500-kilovolt transmission line, and is set to begin energization this quarter.

Leviste’s exit from the MTerra Solar — an SPNEC subsidiary — also comes amid heightened scrutiny over his business empire.

Energy Secretary Sharon Garin earlier called out Leviste over the conflict of interest surrounding his failure to divest from Solar Philippines before he was elected. Solar Philippines is the parent firm of SPNEC, which is seeking to rebrand as MGen Renewable Energy Holdings.

Garin cited the 1987 Constitution, which says that a Senator or member of the House of Representatives should not “directly or indirectly, be interested financially in any contract with, or in any franchise or special privilege granted by the government during his term of office.”

However, Leviste said there was no issue with his continued ownership of Solar Philippines since this was declared in his Statement of Assets, Liabilities, and Net Worth.

The Department of Energy also fined Solar Philippines P24 billion for failing to deliver some 12,000 megawatts in renewable energy projects that were due to come on stream between 2024 and 2025.

MGEN completed its takeover of SPNEC in 2024 after injecting a P15.9-billion investment. Leviste also sold his controlling stake in SPNEC to Pangilinan in October 2025 for P13.8 billion but remains vice chair of SPNEC’s board.

The Ombudsman also accused Leviste of making billions from supposedly selling a congressional franchise through the SPNEC sale. But Leviste has since denied allegations, as Solar Para sa Bayan — another Solar Philippines subsidiary that was granted a congressional franchise — stopped operations in 2022.

He clarified that the SPNEC was a separate entity from Solar Para sa Bayan, and the former has no congressional franchise.

Must Read

Leviste solar companies passed around DOE deals as franchisee incurred losses

– Rappler.com

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Iran proposes reopening Strait of Hormuz to US, excludes nuclear terms

Iran proposes reopening Strait of Hormuz to US, excludes nuclear terms

The post Iran proposes reopening Strait of Hormuz to US, excludes nuclear terms appeared on BitcoinEthereumNews.com. Iran has proposed reopening the Strait of Hormuz
Share
BitcoinEthereumNews2026/04/30 05:49
Supreme Court signals it may deal Trump major setback in mass deportation crusade

Supreme Court signals it may deal Trump major setback in mass deportation crusade

Conservative justices on the Supreme Court showed signs of leaning towards blocking Trump's effort to deport millions of immigrants. Politico reported on Wednesday
Share
Rawstory2026/04/30 06:27
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02

Roll the Dice & Win Up to 1 BTC

Roll the Dice & Win Up to 1 BTCRoll the Dice & Win Up to 1 BTC

Invite friends & share 500,000 USDT!