Solar PH offers 200MW capacity to Meralco

Leviste-led Solar Philippines Batangas Baseload Corporation (SPBBC) offered power utility giant Manila Electric Company (Meralco) 200 megawatt (MW) baseload capacity or round-the-clock electricity supply for 20 years. The SPBBC offer was granted an “original proponent status” and will be subjected to a “challenge” in a competitive selection process (CSP) to be spearheaded by the third […]

SPNEC shareholders approve P60-B stock swap

Solar Philippines Nueva Ecija Corporation’s stockholders have approved its increase in authorized capital stock and the P60 billion share swap with parent company Solar Philippines Power Project Holdings Inc. In a disclosure to the Philippine Stock Exchange, the firm said it will raise its authorized capital to P50 billion from P10 billion and the new […]

SPNEC to absorb parent company via P60-B share swap

Solar Philippines Nueva Ecija Corporation (SPNEC) has approved a P60.9-billion asset-for-share swap with its parent company Solar Philippines Power Project Holdings, Inc. (SPPPHI). In a disclosure to the Philippine Stock Exchange, the firm said the swap involves the acquisition of 100 percent of the outstanding shares of SPPPHI and its affiliates in over 20 entities. […]

SPNEC to raise P10 B from SRO, private placements

Solar Philippines Nueva Ecija Corporation (SPNEC) is raising P10 billion from the capital market, including a planned stock rights offering (SRO), to complete its development of 10 GW of solar projects. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the conduct of an SRO where eligible […]

SPNEC starts construction of its solar ranch

Using its proceeds from its P2.7 billion initial public offering, Solar Philippines Nueva Ecija Corporation (SPNEC) has started the construction of the first phase of what it plans to be the largest solar project in Southeast Asia, Manila Bulletin reports. Source: Manila Bulletin

SPNEC kicks off P2.7 B IPO

Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7.  Based on documents filed with the Philippine Stock Exchange, the firm has set the tentative listing date […]

SPNEC to attract investors and partners with vast landholdings

Solar Philippines Nueva Ecija Corporation (SPNEC), just like its parent company Solar Philippines Power Project Holdings Inc., is banking not just on its future solar power generation capacity but also on its vast landholdings to attract both stock market investors and potential business partners.  In an interview, Solar Philippines Founder Leandro Leviste noted that, while […]

SPNEC sets IPO price at P1 per share

Solar Philippines Nueva Ecija Corp. (SPNEC), the first pure renewable energy firm to go public, has pegged its initial public offering (IPO) price at P1 per share for an offer size of P2.7 billion.  In a disclosure to the Philippine Stock Exchange, the firm said the offer period is planned for Dec. 1 to 7, […]

Solar Tarlac plans P4.15-B green bonds

Solar Philippines Tarlac Corporation (Solar Tarlac), a subsidiary of renewable energy firm Solar Philippines, is planning to raise P4.15 billion from the issuance of green bonds.  The proposed green bonds has been assigned a high credit rating of PRS Aa plus with a Stable Outlook by the Philippine Rating Services Corporation (PhilRatings) Source: Manila Bulletin

Solar Philippines sets 10,000 hectares for energy zone

Solar Philippines has set at least 10,000 hectares for massive scale development of solar farm projects in the country, primarily in the biggest power grid of Luzon. The proposed solar energy zones (SEZ), according to the company, are now undergoing finalization of agreements with relevant parties – and these sites are close to existing solar […]