MVP reigns as SPNEC’s new chief
Businessman Manuel V. Pangilinan is taking the lead at the SP New Energy Corp., after his company, MGen Renewable Energy, firmed up its P15.9 billion investment in the solar energy firm founded and established by young entrepreneur Leandro Leviste. Source: Daily Tribune
Meralco unit spins P16B into SPNEC
MGreen and SPH have agreed to use SPNEC as the primary vehicle to develop 3500 megawatts of solar and 4000 megawatt-hours of battery storage in Luzon. “This will be one of the largest solar projects not just in Asia, but in the world,” Manuel V. Pangilinan, chairman and CEO of Meralco, previously said. Source: […]
Leviste’s RE firm grows land assets
SP New Energy Corp., along with its subsidiaries, has secured more than 4,000 hectares of land in Nueva Ecija, Bulacan, Tarlac and Batangas provinces. These lands will be utilized for the development of the company’s large-scale renewable energy projects. In a stock report on Wednesday, SPNEC said over 3,000 hectares of the assets were secured […]
SPNEC slates 3,500-MW N. Ecija solar expansion
Edit Text Editor SP New Energy Corporation, or SPNEC, will start the construction of its over 3500-megawatt or MW solar expansion in Nueva Ecija within the year. In an interview with reporters on Thursday, Solar Philippines founder Leandro Leviste said SPNEC will fully control the project — planned to be one of the world’s largest […]
SPNEC starts after initial asset buyout
SPNEC has acquired shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., with a consolidated capacity of over 100 MW of operational solar power plants, plus one other under construction with over 50 MW. Source: Daily Tribune
MPIC hikes investment in Leviste’s power firm
Infrastructure investment firm Metro Pacific Investments Corp. now has the option to invest up to P23.75 billion in SP New Energy Corp., or SPNEC, in exchange for 19 billion shares. MPIC, SPNEC, and its parent firm Solar Philippines Power Holdings, Inc., last 5 May, signed definitive agreements granting MPIC or its affiliates the option […]
Metro Pacific buying P24b worth of shares to increase stake in SP New Energy to 43%
Metro Pacific Investments Corp. is increasing its stake in renewable company SP New Energy Corp. to 43 percent for P24 billion. SPNEC said in a stock exchange filing Monday its board approved an option agreement that would allow MPIC to acquire another 17.4 billion SPNEC shares including 10 billion primary shares for P12.5 billion and […]
SPNEC rebrands corporate name amid massive expansion
Solar Philippines Nueva Ecija Corporation (SPNEC), a unit of Solar Philippines, is changing its corporate name to SP New Energy Corporation — reflecting its massive expansion. “We see these corporate actions as being about more than just our company, but the energy mix of our country. We are thankful to our shareholders for supporting SPNEC […]
