SPNEC founder sets sights on Batangas

Leviste in a statement said the investment will help propel the development of rural Batangas and is part of the Countryside’s commitment to foster sustainable development within the region.   Source: Malaya

Leviste firm to invest P5 B to develop Western Batangas

In a statement, Leviste said this will be done in partnership with his renewable energy firm Solar Philippines Power Project Holdings, Inc. using funds raised from the sale of a majority stake in SP New Energy Corporation (SPNEC) to Meralco PowerGen Corporation (MGen) and other investors.   Source: Manila Bulletin

SPNEC makes it to MSCI index

Integrated solar developer SP New Energy Corp. (SPNEC) has replaced MREIT Inc. in the exclusive and coveted MSCI Philippines Small Cap Index.   Source: Manila Bulletin

SPNEC added to MSCI Philippines index

Listed integrated solar developer SP New Energy Corp. (SPNEC) is poised to be the only company to be added in the MSCI Philippines Small Cap Index for its upcoming rebalancing. The MSCI Global Small Cap Indexes has revealed the changes will take place at the close of market on Feb. 29.   Source: PhilStar

MGreen hikes stake in SPNEC

MGen Renewable Energy Inc. (MGreen), a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp. (SPNEC).   Source: PhilStar

Meralco raises stake in SPNEC to 55.96%

In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said the additional shares represent 4.34 percent of its outstanding capital and brings MGreen’s stake in the company to 55.96 percent.   Source: Manila Bulletin