MERALCO to invest in Leviste-led SPNEC

MGen Renewable Energy, Inc. (MGreen), a subsidiary of Meralco Powergen Corporation (MGen), is allocating Php 15.9 billion for an investment in SP New Energy Corporation (SPNEC).  This substantial investment contains a subscription of 15.7 billion common shares and 19.4 billion redeemable preferred voting shares within SPNEC.   Source: Power Philippines

SPNEC gets greenlight for SRO

Solar Philippines Nueva Ecija Corporation (SPNEC) has been given the go signal to conduct its Php3.3 billion stock rights offering (SRO). Proceeds from the offering will be used for project development which includes securing land of off-take agreements as part of SPNEC’s goal to develop 10 gigawatts (GW) of solar projects by 2025.    Source: Power […]