SPNEC secures over 4,000 hectares of land in Luzon

SP New Energy Corp. said Wednesday that together with its subsidiaries, it secured more than 4,000 hectares of land, mostly in the provinces of Nueva Ecija, Bulacan, Tarlac and Batangas. SPNEC said in a disclosure to the Philippine Stock Exchange that it secured over 3,000 through deeds of sale or contracts to sell and another […]

SPNEC acquires more solar plants from parent firm

SP New Energy Corp. said Wednesday it acquired a first batch of renewable projects from parent company Solar Philippines Power Project Holdings Inc. under its asset for share-swap agreement. SPNEC said in statement it signed a deed of absolute sale to acquire SP’s shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., which […]

Metro Pacific buying P24b worth of shares to increase stake in SP New Energy to 43%

Metro Pacific Investments Corp. is increasing its stake in renewable company SP New Energy Corp. to 43 percent for P24 billion. SPNEC said in a stock exchange filing Monday its board approved an option agreement that would allow MPIC to acquire another 17.4 billion SPNEC shares including 10 billion primary shares for P12.5 billion and […]

Meralco sets bidding to challenge Solar PH

Solar Philippines offered to supply Meralco up to 200 MW of baseload power from its 1,800-MW solar projects and 1,800-MW-hour battery storage plants in Nasugbu, Tuy, and Balayan, Batangas. Solar Philippines intends to supply reliable power in all weather conditions, with a plant designed to produce the contracted energy even during cloudy days. Excess during […]

SPNEC board OKs change in name

Solar Philippines Nueva Ecija Corp. said Tuesday its board of directors approved a change in its corporate name to SP New Energy Corp. to reflect the expanded business. SPNEC said in a disclosure to the stock exchange the change in the corporate name “reflects the company’s expansion from a single project in Nueva Ecija to […]

Solar PH vows to meet supply commitments under GEAP

Solar Philippines said Tuesday it is working to deliver its commitments under the Green Energy Auction Program and other power supply agreements that will support its 10 gigawatts of projects under development. It issued the statement after the Department of Energy released the results of the GEAP, showing that Solar Philippines won 70 percent of […]

Razon-Leviste joint venture seeking Meralco supply deal

Terra Solar, the joint venture of Solar Philippines Power Project Holdings Inc. of the Leviste Group and Prime Infrastructure Holdings Inc. of tycoon Enrique Razon Jr., submitted an unsolicited proposal to supply Manila Electric Co. with 850 megawatts (MW) of mid-merit power for a period of 20 years. Terra Solar has proposed solar power plants […]