Philstar – SP New Energy Corporation https://staging.spnec.ph SP New Energy Corporate website Mon, 27 Oct 2025 06:56:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.13 https://staging.spnec.ph/wp-content/uploads/2026/07/cropped-MGEN-Renewables-Logo_White-1-1-32x32.png Philstar – SP New Energy Corporation https://staging.spnec.ph 32 32 SPNEC added to MSCI Philippines index https://staging.spnec.ph/spnec-added-to-msci-philippines-index/ Thu, 15 Feb 2024 04:36:25 +0000 https://staging.spnec.ph/?p=6227 Listed integrated solar developer SP New Energy Corp. (SPNEC) is poised to be the only company to be added in the MSCI Philippines Small Cap Index for its upcoming rebalancing. The MSCI Global Small Cap Indexes has revealed the changes will take place at the close of market on Feb. 29.   Source: PhilStar

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Listed integrated solar developer SP New Energy Corp. (SPNEC) is poised to be the only company to be added in the MSCI Philippines Small Cap Index for its upcoming rebalancing.

The MSCI Global Small Cap Indexes has revealed the changes will take place at the close of market on Feb. 29.

 

Source:

PhilStar

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]]> MGreen hikes stake in SPNEC https://staging.spnec.ph/mgreen-hikes-stake-in-spnec/ Tue, 13 Feb 2024 00:06:27 +0000 https://staging.spnec.ph/?p=6214 MGen Renewable Energy Inc. (MGreen), a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp. (SPNEC).   Source: PhilStar

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MGen Renewable Energy Inc. (MGreen), a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp. (SPNEC).

 

Source:

PhilStar

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]]> MGen completes takeover of SPNEC https://staging.spnec.ph/mgen-completes-takeover-of-spnec/ Tue, 23 Jan 2024 00:50:42 +0000 https://staging.spnec.ph/?p=6158 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

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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

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]]> SPNEC to finish P200 billion solar project by 2027 https://staging.spnec.ph/spnec-to-finish-p200-billion-solar-project-by-2027/ Sun, 14 Jan 2024 23:41:35 +0000 https://staging.spnec.ph/?p=6129 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 two phases.   Source: PhilStar

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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 two phases.

 

Source:

PhilStar

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]]> MVP sees MGreen acquisition of SPNEC completed before yearend https://staging.spnec.ph/mvp-sees-mgreen-acquisition-of-spnec-completed-before-yearend/ Wed, 08 Nov 2023 02:38:32 +0000 https://staging.spnec.ph/?p=5743 MGen Renewable Energy Inc. (MGreen), the renewable energy development arm of Meralco Powergen Corp. (MGen), is looking forward to the development of one of the largest solar projects in the world which is expected to cost P200 billion, with the company expecting to complete the acquisition of a controlling stake in SP New Energy Corp. […]

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MGen Renewable Energy Inc. (MGreen), the renewable energy development arm of Meralco Powergen Corp. (MGen), is looking forward to the development of one of the largest solar projects in the world which is expected to cost P200 billion, with the company expecting to complete the acquisition of a controlling stake in SP New Energy Corp. (SPNEC) before the year ends.

 

Source:

Philstar

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]]> SPNEC starts operations, acquires operating plants https://staging.spnec.ph/spnec-starts-operations-acquires-operating-plants/ Thu, 18 May 2023 00:50:25 +0000 https://staging.spnec.ph/?p=5375 SP New Energy Corp. (SPNEC) has commenced the acquisition of the first batch of operating solar projects from its parent company Solar Philippines (SP). The move consolidates SP’s assets and marks the start of commercial operations of SPNEC. Source: Philstar

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SP New Energy Corp. (SPNEC) has commenced the acquisition of the first batch of operating solar projects from its parent company Solar Philippines (SP).

The move consolidates SP’s assets and marks the start of commercial operations of SPNEC.

Source:

Philstar

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]]> MPIC to acquire up to 43% of SPNEC https://staging.spnec.ph/mpic-to-acquire-up-to-43-of-spnec/ Mon, 08 May 2023 17:00:28 +0000 https://staging.spnec.ph/?p=5305 MANILA, Philippines — Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate led by Manuel V. Pangilinan, is acquiring up to 43 percent of SP Energy Corp. (SPNEC) for P24 billion. MPIC, Solar Philippines Power Project Holdings Inc. (SPPPHI) and SPNEC, have signed definitive agreements granting MPIC or its affiliates the option to invest […]

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MANILA, Philippines — Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate led by Manuel V. Pangilinan, is acquiring up to 43 percent of SP Energy Corp. (SPNEC) for P24 billion.

MPIC, Solar Philippines Power Project Holdings Inc. (SPPPHI) and SPNEC, have signed definitive agreements granting MPIC or its affiliates the option to invest up to a total of P24 billion for 19 billion shares in SPNEC, which will make MPIC the largest shareholder in the solar company with a 43 percent stake.

Source:

Philstar

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]]> Solar Philippines, Prime Infra advance solar team-up https://staging.spnec.ph/solar-philippines-prime-infra-advance-solar-team-up/ Mon, 13 Feb 2023 05:50:03 +0000 https://staging.spnec.ph/?p=4957 MANILA, Philippines — Solar Philippines and Razon-led Prime Infra have agreed to advance their partnerships covering several solar projects. In a disclosure last Friday, SP Energy said its board approved the planned memorandum of agreement (MOA) between Solar Philippines and Prime Infra.     Source: Philstar

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MANILA, Philippines — Solar Philippines and Razon-led Prime Infra have agreed to advance their partnerships covering several solar projects.

In a disclosure last Friday, SP Energy said its board approved the planned memorandum of agreement (MOA) between Solar Philippines and Prime Infra.

 

 

Source:

Philstar

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]]> SPNEC eyes more private placements https://staging.spnec.ph/spnec-eyes-more-private-placements/ Fri, 27 Jan 2023 06:46:17 +0000 https://staging.spnec.ph/?p=4736 MANILA, Philippines — SP New Energy Corp. (SPNEC) plans to undertake more private placements. “We are open to further broadening SPNEC’s shareholder base, to build a more widely-held company and accelerate the development of solar in the Philippines,” said Solar Philippines founder Leandro Leviste. Source: PhilStar

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MANILA, Philippines — SP New Energy Corp. (SPNEC) plans to undertake more private placements.

“We are open to further broadening SPNEC’s shareholder base, to build a more widely-held company and accelerate the development of solar in the Philippines,” said Solar Philippines founder Leandro Leviste.

Source:

PhilStar

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]]> SPNEC converting vast tract of land for industrial use https://staging.spnec.ph/spnec-converting-vast-tract-of-land-for-industrial-use/ Wed, 04 Jan 2023 02:40:41 +0000 https://staging.spnec.ph/?p=4523 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 […]

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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 its projects in 2022.

The company said it has fully secured the majority of its target lands.

Source:

PhilStar

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