SunAsia Energy Inc. has formed a consortium of solar power developers to challenge Terra Solar’s unsolicited bid to supply 850 megawatts of mid-merit renewable energy to the Manila Electric Co. .
The offer includes 600 MW to be made available for Meralco by February 26, 2026; while the additional 250 MW is expected to be delivered starting February 26, 2027. “This challenge proposed by Meralco, with DOE [Department of Energy] approval, is a very intimidating bid process. It is the biggest deal in the region. When we were reviewing the published bidding rules, we were told by our colleagues that only a fool will dare contest a giant company with deep pockets and a wide network,” Capellan said.
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