Leandro Leviste’s SPNEC signs 10-year power supply deal

Listed Solar Philippines Nueva Ecija Corporation (SPNEC) has secured a power supply contract with Angeles Electric Corp. (AEC), the third-largest distribution utility in Luzon. SPNEC said this marks its first step towards supplying renewable energy to its home region of Central Luzon. Full Details: Bilyonaryo

Solar firm to supply Angeles Electric

Solar Philippines Nueva Ecija Corp. (SPNEC) has signed a power supply agreement (PSA) with Angeles Electric Corp. (AEC), the third-largest distribution utility in Luzon, to be sourced from SPNEC’s Nueva Ecija solar farm. Based on the terms published on the Department of Energy (DoE) website, SPNEC will supply AEC approximately 97.8-megawatt hours per day from […]

STOCK COMMENTARY | Solar Philippines NEC bares plan to develop 10 GW of solar power capacity

Leandro Leviste’s Solar Philippines NEC [SPNEC 2.02 3.06%] disclosed that it is “firming up” plans to develop 10 gigawatts (GW) of solar projects. SPNEC said that it would be able to achieve this through asset-for-share swaps (yes, plural) with its parent company, Solar Philippines, which has been the holdco for all of Mr. Leviste’s solar projects in […]

Razon-Leviste joint venture seeking Meralco supply deal

Terra Solar, the joint venture of Solar Philippines Power Project Holdings Inc. of the Leviste Group and Prime Infrastructure Holdings Inc. of tycoon Enrique Razon Jr., submitted an unsolicited proposal to supply Manila Electric Co. with 850 megawatts (MW) of mid-merit power for a period of 20 years. Terra Solar has proposed solar power plants […]

Solar Philippines plans asset-for-share swap with SPNEC

Solar Philippines Power Project Holdings Inc. (SP), the parent company of Solar Philippines Nueva Ecija Corp. (SPNEC), is looking to swap its 20 solar projects in the pipeline for three times SPNEC’s current outstanding shares or 24.37 billion shares.   Source: Philstar

Solar PH eyes swap of 20 projects with SPNEC shares

Solar Philippines Power Projects Holdings Inc. is open to swapping its solar portfolio with over 10,000 megawatts of developments for three times the current outstanding shares of Solar Philippines Nueva Ecija Corp. (SPNEC). SPNEC earlier announced that it will do an asset-for-share swap with its parent company, Solar Philippines, to jump-start its future expansion and […]

SPNEC posted net loss of P21M in September 2021

Solar Philippines Nueva Ecija Corp. (SPNEC) recorded a net loss of P21 million for the first quarter of its operations ending in September 2021, it reported in a disclosure. SPNEC said losses were mainly due to fees, taxes and licenses.   Source: Inquirer

SPNEC posts earnings report from Q3/21

If there’s any confusion about SPNEC, my feeling is that it has to do more with its IPO as a non-operational company, rather than the fact in itself that the company is non-operational. Maybe that’s natural, since traders/investors here have only really been allowed to invest in IPOs from companies that could demonstrate consecutive years […]

Foreign funds take interest in SPNEC

Foreign fund managers are placing their bets on newly listed Solar Philippines Nueva Ecija Corp. (SPNEC), reflecting the growing interest among ESG (environmental, social, and governance) investors in renewable energy. SPNEC recently recorded P74.88 million in net foreign buying, according to data from the Philippine stock market.   Source: PhilStar