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

According to ACEN President and CEO John Eric T. Francia, the shares to be acquired will account for 5.0-percent equity of the company, as reckoned prior to SPNEC’s infusion of assets. Based on the omnibus loan and security agreement (OLSA) inked by the parties, the repayment of the loan had been set on July 2, […]

MANILA – Meralco is set to proceed with negotiations for its 200-MW baseload energy requirement following the failure of the second round of Competitive Selection Process (CSP) for Solar Philippine Batangas Baseload Corp’s (SPBB) unsolicited proposal. SPBBC will provide the capacity using solar and battery in compliance with Meralco’s Renewable Portfolio Standards (RPS) requirement. Source: […]

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 […]

LEANDRO LEVISTE was only 20 years old when he said he started investing in Tesla and Solar City, both US companies that specialized in manufacturing solar panels. He observed that when the stock price of Tesla did well, it illustrated that the market had underestimated the potential for solar energy. Inspired by this, he believed […]

Solar Philippines Nueva Ecija Corporation’s change in its corporate name to SP New Energy Corporation (SPNEC) has started to be reflected on the systems of the Philippine Stock Exchange (PSE) on November 8, 2022. In a statement, the firm said this change reflects the company’s expansion from a single project in Nueva Ecija to a […]