Calatagan 63 MW Solar Farm
The Calatagan 63 MW Solar Farm was the first solar farm both developed and constructed by a Philippine company, and became the largest solar farm in Luzon when it began operations in 2016. This is one of the projects in the asset-for-share swap that will help turn #SPNEC into #SPNewEnergy. Stay tuned for more […]
SPNEC to acquire new 2,500 hectares for solar farm
Leviste-led Solar Philippines Nueva Ecija Corporation (SPNEC) will be securing additional 2,500 hectares of land in Bulacan and Nueva Ecija provinces for its expanding solar energy projects. The company noted that the funding for the property purchases will be sourced from the proceeds of SPNEC’s stock offering, although it has not specified yet the […]
SPNEC says share swap to be completed in 2022
SOLAR PHILIPPINES Nueva Ecija Corp. (SPNEC) said on Monday that it targets to complete its asset-for-share swap deal with its parent company, Solar Philippines Power Project Holdings, Inc. (SPPHI), by the end of this year, with its stock rights offering (SRO) expected to be completed in September. SPNEC’s offering is set from Aug. 30 […]
SPNEC to acquire Solar Philippines’ assets by yearend
Solar Philippines Nueva Ecija Corporation (SPNEC) aims to complete its acquisition of the assets of parent company Solar Philippines worth about P60 billion by the end of this year. In a disclosure to the Philippine Stock Exchange, the firm said that the conclusion of its P3.3 billion Stock Rights Offering (SRO) in the coming […]
SPNEC board OKs change in name
Solar Philippines Nueva Ecija Corp. said Tuesday its board of directors approved a change in its corporate name to SP New Energy Corp. to reflect the expanded business. SPNEC said in a disclosure to the stock exchange the change in the corporate name “reflects the company’s expansion from a single project in Nueva Ecija to […]
SPNEC rebrands corporate name amid massive expansion
Solar Philippines Nueva Ecija Corporation (SPNEC), a unit of Solar Philippines, is changing its corporate name to SP New Energy Corporation — reflecting its massive expansion. “We see these corporate actions as being about more than just our company, but the energy mix of our country. We are thankful to our shareholders for supporting SPNEC […]
SPNEC to be renamed to SP New Energy Corporation
To integrate expanded renewable energy (RE) ventures into its corporate structure, Leviste-led Solar Philippines Nueva Ecija Corporation (SPNEC) is seeking green light from its board of directors, to have the company renamed to SP New Energy Corporation. The new corporate name is still subject to approval by the company’s stockholders and government regulatory authorities. […]
Solar PH set to build world’s largest solar baseload project
The Solar Philippines group is building the world’s first large-scale solar-battery baseload project after securing a bidding advantage to supply distribution giant Manila Electric Co. (Meralco) with up to 200 megawatts of 24/7 capacity. Source: Inquirer
Solar PH offers 200MW capacity to Meralco
Leviste-led Solar Philippines Batangas Baseload Corporation (SPBBC) offered power utility giant Manila Electric Company (Meralco) 200 megawatt (MW) baseload capacity or round-the-clock electricity supply for 20 years. The SPBBC offer was granted an “original proponent status” and will be subjected to a “challenge” in a competitive selection process (CSP) to be spearheaded by the third […]
PSE okays SPNEC stock offering
In its notice of approval dated July 28, 2022, the PSE also approved the proposed SRO timetable, with an offer period from Aug. 30 to Sept. 5, 2022. The company is looking to raise around P2.8 billion to P3.3 billion from the offer which will then be allocated toward project developments (including securing land and […]
