Solar PHL bags most of RE capacity in energy auction

SOLAR Philippines has bagged most of the renewable energy (RE) contracts to develop 2,000-megawatt (MW) capacities under the country’s first Green Energy Auction Program (GEAP). Data from the Department of Energy (DOE) website showed that Solar Philippines won 70 percent of all RE capacity in the DOE auction, or 1380MW out of 1996MW across all […]

SPNEC approves swap deal with parent firm

THE board of listed firm Solar Philippines Nueva Ecija Corp. (SPNEC) has approved an asset-for-share swap involving the acquisition of Solar Philippines Power Project Holdings Inc. and 20 other units of the company’s parent firm Solar Philippines Inc. Solar Philippines Inc. assets would be acquired through an asset-for-share swap in exchange for 24.37 billion shares […]

Solar Tarlac gets high credit rating

Credit watcher Philippine Rating Services Corp. (PhilRatings) assigned a credit rating of PRS Aa plus with a stable outlook to Solar Philippines Tarlac Corp.’s (Solar Tarlac) proposed P4.15-billion green bonds.  “Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The obligor’s capacity to meet its financial commitments on […]

New unit of Solar PHL aims to expand local solar farms

Solar Energy Zones Inc. (SEZ), a new subsidiary of Solar Philippines, wants to host the solar power projects of other power firms. This move is meant to address the shortage of solar sites so the country’s largest power companies can soon have their own large-scale solar projects. Source: Business Mirror