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
SP New Energy Corp. (SPNEC) has acquired Prime Infrastructure Inc.’s (Prime Infra) entire stake in a joint venture company, Terra Solar Philippines Inc. (TSPI). Source: Manila Times
MGEN Renewable Energy Inc. (MGreen), the renewable energy development arm of Meralco Powergen Corp. (MGen), has signed a deal with SP New Energy Corp. (SPNEC) for the purchase of a controlling 50.5-percent stake, forking out an initial P7 billion for the subscription agreement. Source: Manila Times
SOLAR power provider SP New Energy Corp. (SPNEC) on Thursday disclosed a minimum public ownership (MPO) compliance plan as part of efforts to lift a trading suspension. Source: Manila Times
SP New Energy Corp., a subsidiary of Solar Philippines, on Thursday reported a nine-month net income of P24.69 million, a turnaround from the P40.45-million loss recorded a year earlier. Source: Manila Times
SOLAR Philippines Nueva Ecija Corp. (SPNEC) said the P2.8-billion proceeds from its ongoing stock rights offering (SRO) will complete funds that the company plans to invest for the development of its 10 gigawatts (GW) of projects. “The SRO’s P2.8-billion proceeds will help complete the P10 billion that we plan to invest to
In its notice of approval dated July 28, 2022, the PSE also approved the proposed SRO timetable, with an offer period from Aug. 30 to Sept. 5, 2022. The company is looking to raise around P2.8 billion to P3.3 billion from the offer which will then be allocated toward project
Solar Philippines Nueva Ecija Corp. (SPNEC) has signed a power supply agreement (PSA) with Angeles Electric Corp. (AEC), the third-largest distribution utility in Luzon, to be sourced from SPNEC’s Nueva Ecija solar farm. Based on the terms published on the Department of Energy (DoE) website, SPNEC will supply AEC approximately 97.8-megawatt hours per day from
“SOLAR Philippines is set to construct a 500-megawatt (MW) solar farm in Nueva Ecija. Through its subsidiary Solar Philippines Nueva Ecija Corp., the company plans to build the first phase of the project which is expected to produce 225 MW.” Full Details: https://www.manilatimes.net/2021/06/30/news/regions/ph-to-build-largest-solar-farm-in-nueva-ecija/1805120
