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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’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.