The P2.8 billion to be raised by Solar Philippines Nueva Ecija Corporation (SPNEC) from its ongoing stock rights offering will be a catalyst for its goal of expanding into a P400-billion renewable energy company with a total capacity of 10 gigawatts (GW).   “The SRO’s P2.8 billion proceeds will help complete the P10 billion that we plan to invest to complete the development of 10 GW of projects,” said Solar Philippines founder Leandro Leviste in a media roundtable.   Source:

The Calatagan 63 MW Solar Farm was the first solar farm both developed and constructed by a Philippine company, and became the largest solar farm in Luzon when it began operations in 2016.   This is one of the projects in the asset-for-share swap that will help turn #SPNEC into #SPNewEnergy. Stay tuned for more videos and updates on projects from the team of Solar Philippines.   WATCH: Full Video

Leviste-led Solar Philippines Nueva Ecija Corporation (SPNEC) will be securing additional 2,500 hectares of land in Bulacan and Nueva Ecija provinces for its expanding solar energy projects.   The company noted that the funding for the property purchases will be sourced from the proceeds of SPNEC’s stock offering, although it has not specified yet the scale of allocation for this undertaking.   Source: Manila Bulletin

SOLAR PHILIPPINES Nueva Ecija Corp. (SPNEC) said on Monday that it targets to complete its asset-for-share swap deal with its parent company, Solar Philippines Power Project Holdings, Inc. (SPPHI), by the end of this year, with its stock rights offering (SRO) expected to be completed in September.   SPNEC’s offering is set from Aug. 30 to Sept. 5. With the completion of these transactions, it aims to complete the development of 10 gigawatts (GW) of solar projects.   Source: Business