Razon-led MORE Electric and Power Corp. has signed a fresh power supply agreement that will inject 6.6 megawatts (MW) of solar energy into its system, reinforcing its push for cleaner, more sustainable power. The move marks another step in expanding its renewable portfolio and meeting Renewable Portfolio Standard (RPS) targets.
The agreement was signed on July 1, 2025, by MORE Power president and CEO Roel Castro and Urban Energy Development Corp. (UEDC) president Alfonso Javier Reyes.
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Portfolio-enhancing move
Urban Energy Development Corp. (UEDC), a subsidiary of Mabuhay Power Holdings Corp., secured the supply contract after topping the competitive bidding process led by MORE Power in April 2025. The auction, held to source additional renewable capacity, positioned UEDC as the preferred solar energy provider.
The 6.6-MW supply will be drawn from UEDC’s 8-MW solar power facility currently under development in Anilao, Iloilo. Slated to begin commercial operations later this year, the plant is expected to start delivering electricity to MORE Power by mid-2026.
According to Castro, the partnership reflects its ongoing push to position Iloilo at the forefront of clean energy development. “We are steadily increasing the share of renewables in our power mix,” he stated. With this new project, we take another significant step in hitting our long-term clean energy targets, ensuring our customers benefit from affordable, reliable, and greener power.”
Meanwhile, Reyes underscored the broader value of the collaboration, citing its role in advancing the Philippines’ clean energy transition while opening up fresh investment and development prospects in Iloilo. “We are committed to delivering on schedule and at the highest quality standards,” he emphasized.
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MORE Power’s RE expansion
With the latest deal in place, renewable sources now account for roughly a third of MORE Power’s energy mix.
Additionally, Castro noted that the agreement supports compliance with the Department of Energy’s (DOE) RPS, which requires distribution utilities, electric cooperatives, and retail suppliers to source at least 11% of their power sales from renewable energy. The deal reinforces the company’s efforts to meet this national mandate.
However, Castro said the initiative goes beyond meeting regulatory requirements—it reflects MORE Power’s deeper commitment to accelerating the shift to cleaner energy. “We are driving the transition to a cleaner energy future—not just for Iloilo City, but as a model for utilities across the country,” he added.
The DOE is accelerating the country’s transition to renewable energy, aiming for a 35% share by 2030 and 50% by 2040. In 2025, over 5,600 MW of new capacity is expected to come online, with more than 75% sourced from green sources.
In the Visayas, where MORE Power serves its franchise area, about 932 MW of additional clean energy capacity is projected in 2025, with solar power leading the growth.
Sources:
https://www.manilatimes.net/2025/07/05/regions/more-power-inks-66-mw-solar-deal/2143899
https://www.pna.gov.ph/articles/1253599
https://business.inquirer.net/534140/razons-more-power-gets-new-re-supply