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 […]

SPNEC kicks off P2.7 B IPO

Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7.  Based on documents filed with the Philippine Stock Exchange, the firm has set the tentative listing date […]

Solar Philippines allots 10,000 hectares of solar park for other RE firms

Solar Philippines, through its new venture, Solar Energy Zones Inc. (SEZ), will soon develop 10,000 hectares of land in Luzon as solar parks where other power companies in the country can build solar projects and share common solar facilities.  Taking the solar parks in India as inspiration, Solar Philippines intends to further reduce barriers to […]

SPNEC to attract investors and partners with vast landholdings

Solar Philippines Nueva Ecija Corporation (SPNEC), just like its parent company Solar Philippines Power Project Holdings Inc., is banking not just on its future solar power generation capacity but also on its vast landholdings to attract both stock market investors and potential business partners.  In an interview, Solar Philippines Founder Leandro Leviste noted that, while […]

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 […]

SPNEC sets IPO price at P1 per share

Solar Philippines Nueva Ecija Corp. (SPNEC), the first pure renewable energy firm to go public, has pegged its initial public offering (IPO) price at P1 per share for an offer size of P2.7 billion.  In a disclosure to the Philippine Stock Exchange, the firm said the offer period is planned for Dec. 1 to 7, […]

Solar Philippines unit prices IPO at P1 apiece

Solar Philippines’ wholly-owned unit, Solar Philippines Nueva Ecija Corp. (SPNEC) has set the final offer price of its initial public offering at P1 per share.  The IPO price sets SPNEC’s offering to the maximum of its indicative range at P2.7 billion, the Leviste-led company said in a statement on Wednesday.  Source: GMA Network

Solar Philippines sets final IPO offer price at P1 per share

Solar Philippines Nueva Ecija Corp has set the final offer price for its proposed initial public offering (IPO) at P1 per share, it said Wednesday.  “Please be advised that the final offer price for the initial public offering of Solar Philippines Nueva Ecija Corp’s common shares is P1.00 per common share,” it said in a […]