Solar Philippines Nueva Ecija Corp. (SPNEC), the first pure renewable energy firm to go public, has pegged its initial public offering (IPO) price at P1 per share for an offer size of P2.7 billion.  In a disclosure to the Philippine Stock Exchange, the firm said the offer period is planned

“Solar Philippines is eyeing to develop a 500-megawatt solar project, which it is lining up to help solve the country’s power supply shortages. The proposed project will be under corporate vehicle Solar Philippines Nueva Ecija Corporation, but there is no definite timeframe given yet on its construction.” Full Details: https://mb.com.ph/2021/06/28/solar-ph-targets-500mw-solar-project/