Vena Energy enters JV With Mgreen for Solar Project

Vena Energy, Asia-Pacific’s renewable energy company has entered into a joint-venture agreement with Meralco Renewable Energy Inc (MGreen) for the development of the 68 MW “Garcia 2” Solar Project, located in the municipality of Currimao in Ilocos Norte in the Philippines. The Garcia 2 Solar Project is expected to commence operations in the first quarter of 2023.

The Garcia 2 Solar Project will feature 157,000 photovoltaic solar panels spanning a total area of 85 hectares, capable of satisfying the annual electricity requirements of up to 132,103 local households while reducing approximately 124,468 tonnes of greenhouse gas emissions, and saving an estimated 138 million litres of water compared to thermal energy generation.

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