In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said the additional shares represent 4.34 percent of its outstanding capital and bring MGreen’s stake in the company to 55.96 percent. Source: Manila Bulletin
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Co., acquired another 2.17 billion shares in SP New Energy Corp. (SPNEC) for P2.5 billion. Source: Manila Standard
MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Co., has completed its P15.9- billion investment in SP New Energy Corp. (SPNEC). Source: PhilStar
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Co. (Meralco), has completed its P15.9-billion investment in SP New Energy Corp. (SPNEC) and has taken a controlling stake in the solar company. Source: Business Mirror
SP New Energy Corp. (SPNEC) is eyeing to fully complete the world’s largest solar project by 2027. SPNEC said the P200-billion Terra solar development in Nueva Ecija and Bulacan, which will consist of 3,500 megawatts (MW) of solar panels and 4,000 megawatt-hours (MWh) of battery storage, would be completed in
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
The world’s largest solar project breaks ground in the Philippines, SP New Energy Corporation says. Its subsidiary, Tera Solar Philippines, has started clearing 3,500 hectares of land in Nueva Ecija and Bulacan. More than 5 million solar panels worth 200 billion pesos will be installed there. Source: ANC
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
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
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
