Solar Philippines grooms subsidiary for IPO

Solar Philippines has cued for an initial public offering (IPO) a wholly owned subsidiary—instead of itself—as the group led by Leandro Leviste intended to take advantage of a Philippine Stock Exchange (PSE) rule that allows the listing of companies with nascent projects. “We’ve decided to make Solar Philippines Nueva Ecija Corp. (SPNEC) our group’s first […]

Solar Philippines sets 10,000 hectares for energy zone

Solar Philippines has set at least 10,000 hectares for massive scale development of solar farm projects in the country, primarily in the biggest power grid of Luzon. The proposed solar energy zones (SEZ), according to the company, are now undergoing finalization of agreements with relevant parties – and these sites are close to existing solar […]

Solar Philippines forms new firm to secure lands for solar farms

MANILA, Philippines — Solar Philippines is setting up a new company that will secure lands solely for solar farms to be developed by other solar energy firms. The new firm, Solar Energy Zones Inc. (SEZ), will be independent from Solar Philippines’ power plant business and will cater to the demand for solar project sites of […]

New unit of Solar PHL aims to expand local solar farms

Solar Energy Zones Inc. (SEZ), a new subsidiary of Solar Philippines, wants to host the solar power projects of other power firms. This move is meant to address the shortage of solar sites so the country’s largest power companies can soon have their own large-scale solar projects. Source: Business Mirror