The latest renewable energy news includes announcements from MTerra Solar, Pacifico Energy, Offshore Wind Zones in South Korea, and others.
MTerra Solar Starts 600 MW Commercial Operations in Philippines as 3.5 GW Solar-Storage Mega Project Advances
MTerra Solar has started operations for 600 MWac of capacity in the Philippines, marking a major operational milestone for one of the world’s largest integrated solar-and-battery projects. The capacity began commercial operation on August 26, 2026 under an 850 MW mid-merit power supply agreement with Meralco, leaving another 250 MW expected to come online in the coming months. The wider MTerra Solar project is designed to combine approximately 3.5 GWp of photovoltaic capacity with 4.5 GWh of battery energy storage. Meralco PowerGen is developing the project with infrastructure investor Actis, which holds a 40 percent interest. The operational milestone moves MTerra from construction into revenue-generating electricity supply while the remaining solar and storage capacity continues toward completion.
Pacifico Energy Pledges More Than $1 Billion for 2.79 GW Korean Offshore Wind Projects
Pacifico Energy has submitted an investment declaration worth more than $1 billion for two major offshore wind projects in South Korea, strengthening its commitment to the country’s rapidly expanding offshore market. The declaration covers the 990 MW Manho offshore wind project and the 1.8 GW Jindo Baram project, representing a combined 2.79 GW. Pacifico Energy Korea is developing a broader offshore wind cluster of around 3.2 GW off Jindo County. The September 3 declaration was submitted to South Korea’s Ministry of Trade, Industry and Resources during an investment ceremony in Washington, DC. It follows Pacifico’s 2024 investment declaration covering the 420 MW Myeong Ryang project and local supply-chain development, indicating increasingly substantial capital commitments to Korean offshore wind infrastructure.
South Korea Targets 25 GW of Government-Planned Offshore Wind Zones by 2031
South Korea plans to designate around 25 GW of preliminary offshore wind development zones by 2031, shifting the market from developer-led site selection toward a government-planned model. The new approach is intended to reduce development risk by allowing the state and local authorities to screen sites for wind resources, environmental impacts, fisheries issues and community acceptance before projects are awarded. South Korea is preparing initial preliminary districts totalling around 2 GW to 3 GW, while the wider framework is expected to streamline 42 permits governed by 28 laws. The government expects the planned-site approach to shorten development schedules by roughly three to four years. The reform is material because South Korea currently has only about 0.3 GW of operating offshore wind but is targeting a vastly larger future market.
