Stock Commentary I Solar Philippines plans P2.7-B IPO in December
I don’t know how I missed this one on Friday, but I literally just saw this prospectus before publishing MB this morning and I have not had the time to truly dig in to what is going on. That’s why there are so many large quotes above! Anyway, my first take is that I’m happy […]
P2.7 Billion IPO of Solar Company Founded by Loren Legarda’s Son Gets Green Light
The Philippine Stock Exchange (PSE) and the Securities and Exchange Commission (SEC) have approved the initial public offering of Solar Philippines Nueva Ecija Corp. (SPNEC), which is developing a 500 MW solar project that is planned to be the largest in Southeast Asia. This is the first time that a renewable energy company will be […]
All systems go for Solar PH IPO
Solar Philippines Nueva Ecija Corp. (SPNEC), developer of a 500-megawatt solar project touted to be the largest of its kind in Southeast Asia, has obtained the green light from corporate regulators to proceed with its P2.7 billion IPO. SPNEC is a subsidiary of Solar Philippines, the company founded and chaired by young entrepreneur, 28-year-old Leandro […]
Business Sense: Leandro Leviste, Solar Philippines CEO
In this episode of Business Sense, 28-year-old Leandro Leviste talks about Solar Philippines Nueva Ecija Corporation’s IPO and his vision for the country’s energy sector Source: RAPPLER
Market Edge: Solar Power Nueva Ecija Corp (Solar Philippines) is looking to raise as much as P2.7 billion in an initial public offering scheduled in December.
In this episode of ANC Market Edge, Solar Philippines Founder and CEO Leandro Leviste discussed the 500MW Nueva Ecija solar farm project of its subsidiary Solar Philippines Nueva Ecija Corporation (SPNEC). He also talked about the initial public offering this December. Source: ANC
Solar Philippines unit eyes IPO
Solar Philippines is preparing for an initial public offering (IPO) for its Nueva Ecija subsidiary, it announced Tuesday, November 2. Solar Philippines Nueva Ecija Corporation (SPNEC) is aiming to be listed under the supplemental listing and disclosure requirements for renewable energy companies. These rules, according to Solar Philippines, allow development-stage project companies to list, subject […]
Solar Philippines to raise P1.3 billion from IPO
MANILA, Philippines — Solar Philippines plans to launch a P1.3-billion initial public offering to finance its 500-megawatt solar project in Nueva Ecija. The maiden share sale will be done through its wholly owned subsidiary Solar Philippines Nueva Ecija Corp. (SPNEC), the corporate vehicle for the planned 500-MW solar farm in Peñaranda, Nueva Ecija. Solar Philippines […]
Solar Philippines grooms subsidiary for IPO
Solar Philippines has cued for an initial public offering (IPO) a wholly owned subsidiary—instead of itself—as the group led by Leandro Leviste intended to take advantage of a Philippine Stock Exchange (PSE) rule that allows the listing of companies with nascent projects. “We’ve decided to make Solar Philippines Nueva Ecija Corp. (SPNEC) our group’s first […]
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 Philippines forms new firm to secure lands for solar farms
MANILA, Philippines — Solar Philippines is setting up a new company that will secure lands solely for solar farms to be developed by other solar energy firms. The new firm, Solar Energy Zones Inc. (SEZ), will be independent from Solar Philippines’ power plant business and will cater to the demand for solar project sites of […]
