SPNEC gets greenlight for SRO

Solar Philippines Nueva Ecija Corporation (SPNEC) has been given the go signal to conduct its Php3.3 billion stock rights offering (SRO). Proceeds from the offering will be used for project development which includes securing land of off-take agreements as part of SPNEC’s goal to develop 10 gigawatts (GW) of solar projects by 2025.    Source: Power […]

Solar Philippines RES now part of GEOP

Solar Philippines Retail Electricity, Inc., a subsidiary of Solar Philippines, is the latest retail electricity supplier (RES) to be included in the Department of Energy’s green energy option program (GEOP). The addition of the Leandro Leviste-led firm brings the GEOP’s RES participants to 14. Source: Power Philippines

Solar Philippines building 500MW solar farm on old ranch in Nueva Ecija

Solar Philippines has announced that it will begin construction works on its 500-megawatt (MW) solar farm in a former ranch in Peñaranda, Nueva Ecija in the coming months. The project is Southeast Asia’s largest solar power project to-date. Through wholly-owned subsidiary Solar Philippines Nueva Ecija Corporation, the company is gearing up to build the project’s […]

AC Energy, Solar Philippines forge joint venture

AC Energy (ACEN) is partnering with Solar Philippines Power Project Holdings, Inc. (SP) to build and develop solar projects across the country. In a disclosure to the Philippine Stock Exchange, the Ayalas’ power arm said that its board of directors approved the proposed joint venture during its board meeting last Friday (January 22). Source: Power […]