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McMatthise Energy Development Corporation

McMatthise Energy Development Corporation is a Philippine-based renewable energy development company focused on the origination, structuring, and long-term advancement of utility-scale clean energy projects, with a particular emphasis on solar photovoltaic (PV) developments.

The company operates as a development sponsor and execution partner, specializing in the most capital- and effort-intensive stages of renewable energy projects—namely pre-development, permitting, licensing, regulatory compliance, and stakeholder coordination. McMatthise Energy’s core value proposition lies in its ability to carry projects through prolonged and complex development cycles, ensuring regulatory readiness and investment viability prior to construction and institutional financing.

Core Role and Operating Model

McMatthise Energy follows a development-led investment model, under which it:

Provides early-stage and sustained development funding

Finances and manages dedicated development, compliance, and operating teams

Prepares and maintains technical, regulatory, and corporate documentation

Coordinates with national agencies, local government units, utilities, and other stakeholders

Rather than functioning as a short-term financial investor or EPC contractor, the company acts as a long-term development steward, absorbing early-stage risk and maintaining project continuity until projects reach investment-ready or pre-construction status.

Over multiple years, McMatthise Energy has demonstrated experience in navigating the Philippine renewable energy regulatory landscape, including interactions with agencies such as the Department of Energy (DOE), Energy Regulatory Commission (ERC), National Grid Corporation of the Philippines (NGCP), local government units, and other permitting authorities. The company’s work spans land structuring, compliance management, licensing, and coordination necessary to advance large-scale renewable energy projects.

McMatthise Energy participates in renewable energy projects both directly and through strategic alignments with other development and investment platforms. It is aligned with Tech Energie Reserves, Inc. (TERI) and participates in broader development structures such as Raeos Energy Philippines, Inc., a joint venture platform involving Alba Renewables, now majority owned by Brookfield Asset Management.

Through these partnerships, McMatthise Energy contributes local development expertise and sustained execution capacity, while benefiting from institutional development standards, international experience, and access to global capital.

McMatthise Energy’s investment philosophy centers on long-term value creation at the development stage. The company is prepared to commit resources over extended periods—funding personnel, operating platforms, and compliance requirements—to ensure that projects are robust, bankable, and aligned with institutional investor expectations.

McMatthise Energy’s Long-Term Development Role in the San Pablo Solar Power Project

McMatthise Energy is a long-term development sponsor of the San Pablo Solar Power Project, having provided early seed-stage funding and, for more than eight years, continuously financed the personnel, operating platform, and development activities required to secure permits, licenses, and regulatory approvals. McMatthise Energy’s participation is channeled through Tech Energie Reserves, Inc., a joint venture partner with Brookfield-backed Alba Renewables under the Raeos Energy platform.

McMatthise Energy is a long-term renewable energy development sponsor and execution partner supporting the advancement of the San Pablo Solar Power Project, a utility-scale solar photovoltaic (PV) project in the Philippines. The project is advanced through Solar Valley Energy Solutions Inc. (SVESI) as the project-level development company.

From McMatthise Energy’s perspective, the San Pablo Solar Power Project represents a development-intensive, long-horizon investment, where value is created through sustained financial support for personnel, operating infrastructure, and regulatory execution, rather than through one-time capital infusion alone.

Early-Stage Capital and Continuing Financial Support by McMatthise Energy

At the formative stage of the San Pablo Solar Power Project, McMatthise Energy provided early seed-stage cash contributions to SVESI, enabling project initiation and early development activities. Beyond this initial funding, McMatthise Energy has continued to financially support the project on an ongoing basis for more than eight (8) years.

The Investment Group

San Pablo Solar Power Project, Phase I and Phase II

Role in Development, Permitting,
and Documentation

McMatthise Energy has served as the primary development and compliance execution arm for the San Pablo Solar Power Project. Its responsibilities have included:

preparation, submission, and continuous updating of pre-development documentation

coordination of licensing and permitting with national and local government agencies

management of regulatory filings, compliance timelines, and renewals

engagement with host communities, local government units, utilities, and other stakeholders

maintaining regulatory standing and project readiness across multiple development phases

McMatthise Energy participates in the San Pablo Solar Power Project through its investment and strategic alignment with Tech Energie Reserves, Inc. (TERI). TERI acts as the local development and investment conduit through which the project is structured and advanced.

TERI is a joint venture partner in Raeos Energy Philippines, Inc. (Raeos Energy), formed with Alba Renewables, an international renewable energy developer now 95% owned by Brookfield Asset Management. Through this structure, the San Pablo Solar Power Project benefits from:

  • McMatthise Energy’s sustained development funding and execution capacity,
  • TERI’s local structuring expertise and regulatory familiarity,
  • Raeos Energy’s platform governance and scaling capability, and
  • Brookfield-backed Alba Renewables’ institutional discipline, international development expertise, and access to global capital.

Within the San Pablo Solar Power Project ecosystem, McMatthise Energy’s contribution is defined by long-term financial commitment to development execution, rather than limited or episodic capital participation. McMatthise Energy creates value by:

  • continuously funding the personnel and operating platform required to secure and maintain permits and licenses, 
  • absorbing early- and mid-stage development risk over an extended period,
  • ensuring continuity of regulatory compliance amid evolving policy and regulatory requirements, and
  • preserving project momentum until institutional partners and financing structures are implemented.

This sustained development-led approach underpins the project’s readiness for financing, construction, and long-term operation.

At present, McMatthise Energy remains actively involved in the San Pablo Solar Power Project as a long-term development sponsor, continuing to fund personnel, operational support, and compliance-related activities. The project operates within the Raeos Energy joint-venture platform, supported by Alba Renewables under Brookfield Asset Management’s ownership, and is positioned to advance toward financing, construction, and eventual operations under an institutional-grade framework built upon years of development groundwork funded and executed by McMatthise Energy.