SPNEC moves to comply with minimum public float

SOLAR PHILIPPINES Power Project Holdings, Inc. (SPPPHI) has donated additional shares of its listed subsidiary to Asia Pacific Institute for Green Development, Inc. (Green Development) to comply with the stock exchange’s minimum public ownership (MPO) requirement.   Source: Business World

Metro Pacific poised to become SPNEC’s largest shareholder

METRO Pacific Investments Corp. (MPIC) said on Monday that it had completed the acquisition of 1.6-billion common shares or an equivalent of 16% of the outstanding shares in SP New Energy Corp. (SPNEC). In a regulatory filing, MPIC said that an agreement was also executed granting it an option to acquire up to 10-billion primary […]

Capitalizing on a sunrise industry

LEANDRO LEVISTE was only 20 years old when he said he started investing in Tesla and Solar City, both US companies that specialized in manufacturing solar panels. He observed that when the stock price of Tesla did well, it illustrated that the market had underestimated the potential for solar energy. Inspired by this, he believed […]

SPNEC adjusts price range of stock rights offering

SOLAR Philippines Nueva Ecija Corp. (SPNEC) has adjusted the price range of its stock rights offering to P1.50 to P1.75 per share, saying it was doing so “in the interest of the success” of the fundraising. In its disclosure on Tuesday, the company also highlighted the option to pay in installments, with a downpayment of […]

SPNEC aims to raise P10B for 10-GW solar projects

SOLAR Philippines Nueva Ecija Corp. (SPNEC) on Monday said it plans to offer 5.12 billion shares to the public so it can raise P10 billion for the completion of its solar projects with a combined capacity of 10 gigawatts (GW). In a disclosure to the stock exchange, SPNEC said it aims to raise the funds […]

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 […]