MGEN Renewables President and CEO Dennis Jordan said the company is exploring opportunities in onshore wind as it looks to expand its renewable energy portfolio beyond solar and battery storage.

Speaking on the sidelines of the 3rd Energy Forum of the Economic Journalists Association of the Philippines (EJAP), Jordan said MGEN remains interested in wind development, although no specific projects have been finalized.

“We’re certainly interested. At one point, we were looking at an opportunity in wind. We don’t have something concrete yet, but I think it will be wrong for us to totally not look into onshore wind at least,” Jordan said.

Jordan said the company is also assessing opportunities in offshore wind, including exploratory discussions with Saudi-based developer ACWA Power.

“Offshore, we are assessing our position on that. With ACWA Power, it’s exploratory at the moment,” he said.

MGEN and ACWA Power signed a memorandum of understanding in May 2025 to explore potential renewable energy projects in the Philippines.

While wind remains under evaluation, Jordan said the company continues to pursue an aggressive renewable energy growth strategy. He noted that MGEN’s renewable energy portfolio is expected to grow from around 408 megawatts (MW) today to approximately 3,400 MW by 2030.

“Almost 650% of our renewables will grow in the next two years, so it’s a big jump, including some of the growth that we’re envisioning up to 2030,” Jordan said.

He added that future growth could come from a combination of internally developed projects, joint ventures, and other strategic opportunities.

Jordan also tempered expectations of a direct follow-up to Terra Solar, saying future projects may differ significantly from the scale of the flagship solar development.

“The scale and size is very difficult to repeat because this is really for a mid-merit requirement by Meralco of 850 megawatts,” he said.

At present, MGEN’s renewable energy portfolio is largely concentrated on solar and battery energy storage systems. However, Jordan said it would be premature to rule out wind as the company looks for additional growth opportunities.

“We’re not going to stick to the technologies we have now, which is battery and solar,” he said.

The comments come as renewable energy developers increasingly look to diversify their portfolios across multiple technologies to support the country’s growing electricity demand and energy transition goals.

As renewable energy developers expand beyond solar, could wind power become the next major growth driver in the Philippines’ clean energy sector?

Follow Power Philippines on Facebook and LinkedIn or join our Viber community for more updates.