World’s largest Solar Project’ breaks ground in PH

The world’s largest solar project breaks ground in the Philippines, SP New Energy Corporation says. Its subsidiary, Tera Solar Philippines, has started clearing 3,500 hectares of land in Nueva Ecija and Bulacan. More than 5 million solar panels worth 200 billion pesos will be installed there. Source: ANC

SPNEC, MGen enter into subscription agreement

Meralco unit MGen Renewable Energy and SP New Energy Corporation enter into an agreement. This for the subscription by Amgen of 15.7 trillion common shares and over 19 trillion preferred shares of SPNEC. Leandro Leviste’s firm has already received an initial payment from the Meralco subsidiary.   Source: ANC