24/06/2026
Press Release | πππ§π’π₯π ππ₯ππππ«π’π ππ¨π¦π©ππ§π² (πππ«ππ₯ππ¨), πππ«ππ₯ππ¨ ππ¨π°ππ«πππ§ ππ¨π«π©π¨π«πππ’π¨π§ (ππππ), and ππ’πππ§ππ¦-πππ¬ππ ππ’π§ππ§ππ«π π¨ ππ§ππ«π π² Joint Stock Company (VinEnergo) have signed a Memorandum of Understanding (MOU) to explore strategic collaboration in advancing energy security, system reliability, and the transition to cleaner energy in the Philippines.
The agreement establishes a framework for discussions and studies on potential initiatives involving large-scale renewable energy development, energy storage technologies, power system adequacy, and emerging energy solutions that can help address the countryβs growing energy requirements. As part of the collaboration, MGEN and VinEnergo will explore renewable energy-based solutions capable of delivering up to 5 GW of baseload-equivalent capacity, potentially supported by approximately 25 GW of integrated renewable energy and energy storage capacity.
The parties will also study opportunities related to electric vehicle (EV) charging infrastructure, including residential, commercial, and fleet charging solutions that can support the Philippinesβ growing EV ecosystem.
The partnership reflects the shared commitment of Meralco, MGEN, and VinEnergo to pursue innovative and scalable solutions that strengthen long-term energy security while supporting the countryβs clean energy transition goals.