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 […]

Solar PH targets 500MW solar project

Solar Philippines is eyeing to develop a 500-megawatt solar project, which it is lining up to help solve the country’s power supply shortages. The proposed project will be under corporate vehicle Solar Philippines Nueva Ecija Corporation, but there is no definite timeframe given yet on its construction. Source: Manila Bulletin

Ayala partners with Leviste’s Solar Philippines

The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala firm indicated that the tie-up will […]