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
A total of 1.68 billion shares valued at P4.41 billion changed hands, with the volume surge attributed to Leandro Leviste-led SP New Energy Corp. The firm commenced trading on Friday after a six-month suspension after it complied with the minimum public ownership rules of the exchange. Source: Inquirer
MANILA – Meralco is set to proceed with negotiations for its 200-MW baseload energy requirement following the failure of the second round of Competitive Selection Process (CSP) for Solar Philippine Batangas Baseload Corp’s (SPBB) unsolicited proposal. SPBBC will provide the capacity using solar and battery in compliance with Meralco’s Renewable
After Solar Philippines Nueva Ecija Corp., which is headed by young entrepreneur Lean Leviste, successfully launched its initial public offering last year and drew billions of pesos in investments, other solar energy companies had taken the same route to fund their operation. The future looks bright for RE projects in
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
Solar Philippines is moving closer to its target of sealing 10 gigawatts of renewable energy contracts after clinching the majority of supply deals with the government. Full Details: Inquirer
Solar Philippines Nueva Ecija Corp. (SPNEC) has approved an asset-for-share swap involving the acquisition of 20 solar projects from its parent firm, Solar Philippines Power Project Holdings Inc., in exchange for 24.37 billion shares of SPNEC at an issue price of P2.50 per share. This share swap is supported by
Solar Philippines Power Projects Holdings Inc. is open to swapping its solar portfolio with over 10,000 megawatts of developments for three times the current outstanding shares of Solar Philippines Nueva Ecija Corp. (SPNEC). SPNEC earlier announced that it will do an asset-for-share swap with its parent company, Solar Philippines, to
Solar Philippines Nueva Ecija Corp. (SPNEC) recorded a net loss of P21 million for the first quarter of its operations ending in September 2021, it reported in a disclosure. SPNEC said losses were mainly due to fees, taxes, and licenses. Full Details: Inquirer
Solar Philippines Nueva Ecija Corporation (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, made its trading debut on the Main Board of the Philippine Stock Exchange (PSE) on Friday, Dec. 17, 2021. SPNEC’s IPO was oversubscribed, receiving Php 5.3 billion in orders
