Meralco unit spins P16B into SPNEC

MGreen and SPH have agreed to use SPNEC as the primary vehicle to develop 3500 megawatts of solar and 4000 megawatt-hours of battery storage in Luzon. “This will be one of the largest solar projects not just in Asia, but in the world,” Manuel V. Pangilinan, chairman and CEO of Meralco, previously said.    Source: […]

SPNEC slates 3,500-MW N. Ecija solar expansion

Edit Text Editor SP New Energy Corporation, or SPNEC, will start the construction of its over 3500-megawatt or MW solar expansion in Nueva Ecija within the year. In an interview with reporters on Thursday, Solar Philippines founder Leandro Leviste said SPNEC will fully control the project — planned to be one of the world’s largest […]

SPNEC starts after initial asset buyout

SPNEC has acquired shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., with a consolidated capacity of over 100 MW of operational solar power plants, plus one other under construction with over 50 MW.   Source: Daily Tribune

MPIC hikes investment in Leviste’s power firm

Infrastructure investment firm Metro Pacific Investments Corp. now has the option to invest up to P23.75 billion in SP New Energy Corp., or SPNEC, in exchange for 19 billion shares.   MPIC, SPNEC, and its parent firm Solar Philippines Power Holdings, Inc., last 5 May, signed definitive agreements granting MPIC or its affiliates the option […]

SPNEC rebrands corporate name amid massive expansion

Solar Philippines Nueva Ecija Corporation (SPNEC), a unit of Solar Philippines, is changing its corporate name to SP New Energy Corporation — reflecting its massive expansion. “We see these corporate actions as being about more than just our company, but the energy mix of our country. We are thankful to our shareholders for supporting SPNEC […]