Solar Philippines raises P2.8B via stock rights offering

Leandro Leviste-led Solar Philippines Nueva Ecija Corp. (SPNEC) has raised P2.8 billion from its stock rights offering. SPNEC, in a disclosure on Thursday, said 1.88 billion shares were fully subscribed by public shareholders in the first and second rounds of its rights offer.   Source: Inquirer

SPNEC’s P2.8-B SRO fully subscribed

Solar Philippines Nueva Ecija Corporation’s (SPNEC) P2.8 billion stock rights offering has been fully subscribed due to strong demand from its existing shareholders despite the challenging market conditions. In a disclosure to the Philippine Stock Exchange, the firm said the 1.88 billion new common shares were fully subscribed in the first and second round of […]

SPNEC’s SRO key to its 10-GW goal

The P2.8 billion to be raised by Solar Philippines Nueva Ecija Corporation (SPNEC) from its ongoing stock rights offering will be a catalyst for its goal of expanding into a P400-billion renewable energy company with a total capacity of 10 gigawatts (GW).   “The SRO’s P2.8 billion proceeds will help complete the P10 billion that […]

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 […]