SPNEC converting vast tract of land for industrial use
MANILA, Philippines — SP New Energy Corp. (SPNEC) is targeting to convert over 3,000 hectares of land in Nueva Ecija and Bulacan for industrial use this year. In a disclosure to the Philippine Stock Exchange, SPNEC said it is preparing the lands for industrial conversion before the new year ends after securing off-take agreements for […]
WATCH: The Tarlac Solar Farm Updates
WATCH: The Tarlac Solar Farm is one of the largest solar farms in the Philippines. It has been supplying Meralco since 2019 at a starting rate of Php 2.9999/kWh, the lowest price of any power plant in the Philippines. This is one of the projects in the asset-for-share swap that will help turn #SPNEC […]
Nueva Ecija Solar Farm: Coming Soon
Nueva Ecija Solar Farm: Coming Soon Construction is in full swing for the soon-to-be largest solar farm in Southeast Asia. Stay tuned for more updates on the progress onsite from the team of Solar Philippines. Full Video: Watch it on Facebook https://staging.spnec.ph/wp-content/uploads/2022/06/Solar_Philippines_WIP-5.mp4
SPNEC plans asset for share swap
Philippine Star reports on Solar Philippines Nueva Ecija Corporation’s (SPNEC) planned asset-per-share swap with parent firm Solar Philippines to set the stage for future expansion and growth. Full Details: Philippines Star
SPNEC raising capital to buy operating assets
Manila Bulletin reports on the increase in the authorized capital stock of Solar Philippines Nueva Ecija Corp. (SPNEC) by 400 percent to 50 billion shares from the current 10 billion shares in preparation for the acquisition of assets from its parent company. Full Details: Manila Bulletin
SPNEC kicks off P2.7 B IPO
Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7. Based on documents filed with the Philippine Stock Exchange, the firm has set the tentative listing date […]
Financial Adviser: 5 Things to Know About Leandro Leviste’s Solar Philippines Nueva Ecija’s IPO and How to Profit from It
Solar Philippines’ subsidiary, Solar Philippines Nueva Ecija Corporation (SPNEC), will be the tenth company and the first-ever purely renewable energy company to go public this year through an initial public offering. SPNEC offers up to Php2.7 billion primary shares at a price of up to P1.00 per share, comprising about 33.2 percent of the company’s […]
Solar Philippines allots 10,000 hectares of solar park for other RE firms
Solar Philippines, through its new venture, Solar Energy Zones Inc. (SEZ), will soon develop 10,000 hectares of land in Luzon as solar parks where other power companies in the country can build solar projects and share common solar facilities. Taking the solar parks in India as inspiration, Solar Philippines intends to further reduce barriers to […]
SPNEC to attract investors and partners with vast landholdings
Solar Philippines Nueva Ecija Corporation (SPNEC), just like its parent company Solar Philippines Power Project Holdings Inc., is banking not just on its future solar power generation capacity but also on its vast landholdings to attract both stock market investors and potential business partners. In an interview, Solar Philippines Founder Leandro Leviste noted that, while […]
Solar Philippines unit sets IPO price at P1 per share
Solar Philippines Nueva Ecija Corp. (SPNEC), the first company to debut on the Philippine Stock Exchange (PSE) under the renewable energy (RE) listing framework and the first solar pure-play to come to the market, priced its initial public offering (IPO) at P1 per share. This pegged at P2.7 billion the offering size of SPNEC, which […]