SOLAR Philippines Nueva Ecija Corp. (SPNEC) said the P2.8-billion proceeds from its ongoing stock rights offering (SRO) will complete funds that the company plans to invest for the development of its 10 gigawatts (GW) of projects. “The SRO’s P2.8-billion proceeds will help complete the P10 billion that we plan to invest to
The Nueva Ecija Solar Farm has been made possible thanks to all the supporters of #SPNEC, and is the first phase of what is planned to become the world’s largest solar farm. Stay tuned for more videos and updates on projects from the team of Solar Philippines, as we turn
ANALYSTS see the stock rights offering (SRO) of Solar Philippines Nueva Ecija Corp. (SPNEC) to be more appealing to long-term investors as they expect its business to grow in the long run amid favorable government support for green energy projects. “Long-term investors who wish to subscribe to the SRO can
The P2.8 billion to be raised by Solar Philippines Nueva Ecija Corporation (SPNEC) from its ongoing stock rights offering will be a catalyst for its goal of expanding into a P400-billion renewable energy company with a total capacity of 10 gigawatts (GW). “The SRO’s P2.8 billion proceeds will help
SOLAR PHILIPPINES Nueva Ecija Corp. (SPNEC) said on Monday that it targets to complete its asset-for-share swap deal with its parent company, Solar Philippines Power Project Holdings, Inc. (SPPHI), by the end of this year, with its stock rights offering (SRO) expected to be completed in September. SPNEC’s offering is
Solar Philippines Nueva Ecija Corporation (SPNEC) aims to complete its acquisition of the assets of parent company Solar Philippines worth about P60 billion by the end of this year. In a disclosure to the Philippine Stock Exchange, the firm said that the conclusion of its P3.3 billion Stock Rights Offering
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
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
To integrate expanded renewable energy (RE) ventures into its corporate structure, Leviste-led Solar Philippines Nueva Ecija Corporation (SPNEC) is seeking green light from its board of directors, to have the company renamed to SP New Energy Corporation. The new corporate name is still subject to approval by the company’s stockholders
In its notice of approval dated July 28, 2022, the PSE also approved the proposed SRO timetable, with an offer period from Aug. 30 to Sept. 5, 2022. The company is looking to raise around P2.8 billion to P3.3 billion from the offer which will then be allocated toward project
