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 […]

New unit of Solar PHL aims to expand local solar farms

Solar Energy Zones Inc. (SEZ), a new subsidiary of Solar Philippines, wants to host the solar power projects of other power firms. This move is meant to address the shortage of solar sites so the country’s largest power companies can soon have their own large-scale solar projects. Source: Business Mirror

Solar Philippines RES now part of GEOP

Solar Philippines Retail Electricity, Inc., a subsidiary of Solar Philippines, is the latest retail electricity supplier (RES) to be included in the Department of Energy’s green energy option program (GEOP). The addition of the Leandro Leviste-led firm brings the GEOP’s RES participants to 14. Source: Power Philippines

DoE clears Solar Philippines unit for green energy program

SOLAR Philippines Retail Electricity, Inc. is the newest participant in the government’s green energy option program (GEOP), bringing the number of eligible renewable energy (RE) suppliers to 14. In an announcement posted on its website this week, the Department of Energy (DoE) said the company joins power suppliers under First Gen Corp., AC Energy Corp. […]

PH to build largest solar farm in Nueva Ecija

Through its subsidiary Solar Philippines Nueva Ecija Corp., the company plans to build the first phase of the project which is expected to produce 225 MW. It will be followed by the 500-MW solar project in the municipality of Peñaranda. The project will be the biggest in the Philippines and Southeast Asia. The solar project’s […]

Solar Philippines building 500MW solar farm on old ranch in Nueva Ecija

Solar Philippines has announced that it will begin construction works on its 500-megawatt (MW) solar farm in a former ranch in Peñaranda, Nueva Ecija in the coming months. The project is Southeast Asia’s largest solar power project to-date. Through wholly-owned subsidiary Solar Philippines Nueva Ecija Corporation, the company is gearing up to build the project’s […]

Solar PH targets 500MW solar project

Solar Philippines is eyeing to develop a 500-megawatt solar project, which it is lining up to help solve the country’s power supply shortages. The proposed project will be under corporate vehicle Solar Philippines Nueva Ecija Corporation, but there is no definite timeframe given yet on its construction. Source: Manila Bulletin