SPNEC slates 3,500-MW N. Ecija solar expansion
Edit Text Editor SP New Energy Corporation, or SPNEC, will start the construction of its over 3500-megawatt or MW solar expansion in Nueva Ecija within the year. In an interview with reporters on Thursday, Solar Philippines founder Leandro Leviste said SPNEC will fully control the project — planned to be one of the world’s largest […]
SPNEC acquires more solar plants from parent firm
SP New Energy Corp. said Wednesday it acquired a first batch of renewable projects from parent company Solar Philippines Power Project Holdings Inc. under its asset for share-swap agreement. SPNEC said in statement it signed a deed of absolute sale to acquire SP’s shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., which […]
SPNEC’s ambitious growth strategy begins with acquisition of Solar Philippines assets
SP New Energy Corporation (SPNEC) of techpreneur Leandro Leviste has taken a significant step towards establishing itself as a major player in the commercial energy sector with the acquisition of an initial portfolio of projects from Solar Philippines (SP), its parent company. Source: Bilyonaryo
SPNEC starts after initial asset buyout
SPNEC has acquired shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., with a consolidated capacity of over 100 MW of operational solar power plants, plus one other under construction with over 50 MW. Source: Daily Tribune
SPNEC acquires assets from Solar PHL
Publicly-listed SP New Energy Corp. (SPNEC) has acquired projects from its parent company Solar Philippines, marking the company’s start of commercial operations. SPNEC said it signed on May 15 a deed of absolute sale to acquire Solar Philippines shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., which together own over 100 megawatts […]
SPNEC starts operations, acquires operating plants
SP New Energy Corp. (SPNEC) has commenced the acquisition of the first batch of operating solar projects from its parent company Solar Philippines (SP). The move consolidates SP’s assets and marks the start of commercial operations of SPNEC. Source: Philstar
MPIC, Solar Philippines ink investment deal
Metro Pacific Investments Corp. (MPIC) has signed an agreement with Solar Philippines Power Project Holdings Inc. (SPPPHI) and listed SP New Energy Corp. (SPNEC) which will grant MPIC or its affiliates the option to increase its stake in the solar company. According to their respective disclosures, MPIC will have the option to invest up to […]
MPIC hikes investment in Leviste’s power firm
Infrastructure investment firm Metro Pacific Investments Corp. now has the option to invest up to P23.75 billion in SP New Energy Corp., or SPNEC, in exchange for 19 billion shares. MPIC, SPNEC, and its parent firm Solar Philippines Power Holdings, Inc., last 5 May, signed definitive agreements granting MPIC or its affiliates the option […]
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 […]
MPIC to acquire up to 43% of SPNEC
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate led by Manuel V. Pangilinan, is acquiring up to 43 percent of SP Energy Corp. (SPNEC) for P24 billion. MPIC, Solar Philippines Power Project Holdings Inc. (SPPPHI) and SPNEC, have signed definitive agreements granting MPIC or its affiliates the option to invest […]
