Newbie SPNEC energizes investors stuck in tepid trading

After SPNEC announced the start of its construction work on the first 50 megawatts of its 500MW solar farm in Nueva Ecija, Inquirer reported that investors flocked to SPNEC, making it “the biggest gainer and top traded stock” on Monday, December 27.     Source: Inquirer

SPNEC readies land for solar capacity beyond 500 MW

SOLAR PHILIPPINES Nueva Ecija Corp. (SPNEC) on Wednesday said it is preparing a 1,000-hectare land as it gears up for a joint venture with an unnamed company to expand the capacity of its solar farm beyond 500 megawatts (MW). “We are preparing an initial 1,000 hectares for a joint venture with a partner who can […]

Solar Philippines unit sets IPO price at P1 per share

Solar Philippines Nueva Ecija Corp. (SPNEC), the first company to debut on the Philippine Stock Exchange (PSE) under the renewable energy (RE) listing framework and the first solar pure-play to come to the market, priced its initial public offering (IPO) at P1 per share.  This pegged at P2.7 billion the offering size of SPNEC, which […]

Millennial solar farmer braves stock market

Leandro Leviste was just 20 when he set up Solar Philippines in 2013, taking on the challenge of starting a business that would harness solar power to generate electricity. A year after, Solar inaugurated its first project—a 700-kilowatt solar system on the roof deck of Central Mall Biñan. This was followed by the 63.3MWdc Calatagan solar farm […]

Solar Tarlac offering seen to raise P4.15B

Renewable energy firm Solar Philippines Tarlac Corp. (Solar Tarlac) is raising as much as P4.15 billion from a proposed offering of “green” bonds, which obtained a double-A plus credit rating from local debt watchdog Philippine Rating Services Corp. (PhilRatings).  Proceeds from the bond float will be used to refinance a P2.22-billion loan used for the […]

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 […]

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 […]