World’s largest solar project on track for 1st phase
The first phase of what is deemed the world’s largest solar project in development is on track for delivery by the first quarter of 2026. SP New Energy Corp. (SPNEC) broke ground on the site that will cover around 3,500 hectares of land in Nueva Ecija and Bulacan which will be owned by the company through its […]
MVP takes over at SP New Energy
SPNEC, founded by businessman Leandro Leviste, said in a disclosure on Wednesday that MGreen had “given the balance payment of P8.89 billion on December 27, 2023” to complete the acquisition. Source: Manila Times
MVP takes helm of solar energy firm SPNEC
Tycoon Manuel V. Pangilinan (MVP) will take control of SP New Energy Corporation (SPNEC), as Meralco’s renewable energy development unit MGreen completed its majority purchase. Source: CNN
MVP reigns as SPNEC’s new chief
Businessman Manuel V. Pangilinan is taking the lead at the SP New Energy Corp., after his company, MGen Renewable Energy, firmed up its P15.9 billion investment in the solar energy firm founded and established by young entrepreneur Leandro Leviste. Source: Daily Tribune
MVP set to become SPNEC chair, CEO after MGreen investment
BUSINESSMAN Manuel V. Pangilinan is set to become chairman of SP New Energy Corp. (SPNEC), after MGen Renewable Energy (MGreen) completes its P15.9-billion investment in the solar energy firm founded by Leandro Leviste. In a disclosure to the Philippine Stock Exchange, SPNEC said MGreen made its balance payment of P8.9 billion to complete the acquisition. […]
SP New Energy buys out Terra Solar partner for P6B
SP New Energy Corp. (SPNEC) has acquired Prime Infrastructure Inc.’s (Prime Infra) entire stake in a joint venture company, Terra Solar Philippines Inc. (TSPI). Source: Manila Times
MGen financial chief joins SP New Energy
Solar Philippines New Energy Corp. (SPNEC), a subsidiary of Solar Philippines, appointed Meralco PowerGen Corp. (MGen) chief financial officer (CFO) Rochel Donato Garcia as its new treasurer and officer. Source: Manila Bulletin
Leandro Leviste’s SPNEC gains momentum with P7 billion initial payment from Meralco’s renewable arm
SP New Energy Corp. of techpreneur Leandro Leviste has received an initial payment of P7 billion from the renewable energy development arm of power utility giant Manila Electric Co. (Meralco) for the acquisition of a majority stake in SPNEC. Source: Bilyonaryo
Meralco unit spins P16B into SPNEC
MGreen and SPH have agreed to use SPNEC as the primary vehicle to develop 3500 megawatts of solar and 4000 megawatt-hours of battery storage in Luzon. “This will be one of the largest solar projects not just in Asia, but in the world,” Manuel V. Pangilinan, chairman and CEO of Meralco, previously said. Source: […]
MGreen, SPNEC formalize partnership
Billionaire Manuel Pangilinan’s Manila Electric Co. (Meralco) and businessman Leandro Leviste’s SP New Energy Corp. (SPNEC) officially formalized on Thursday their share subscription deal that will pave the way for a P15.9-billion investment in the latter’s projects. Source: Inquirer
