SOLAR PHILIPPINES

NUEVA ECIJA CORPORATION

Solar Philippines raises P2.8B via stock rights offering

Leandro Leviste-led Solar Philippines Nueva Ecija Corp. (SPNEC) has raised P2.8 billion from its stock rights offering. SPNEC, in a disclosure on Thursday, said 1.88 billion shares were fully subscribed by public shareholders in the first and second rounds of its rights offer. Source: Inquirer

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

*VIDEO FOR VISUALIZATION PURPOSES ONLY

SOLAR PHILIPPINES

NUEVA ECIJA CORPORATION

August 28, 2022

SPNEC’s SRO key to its 10-GW goal

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 complete the P10 billion that […]
August 26, 2022

WATCH: The Tarlac Solar Farm Updates

WATCH: The Tarlac Solar Farm is one of the largest solar farms in the Philippines. It has been supplying Meralco since 2019 at a starting rate of Php 2.9999/kWh, the lowest price of any power plant in the Philippines.   This is one of the projects in the asset-for-share swap that will help turn #SPNEC […]
August 16, 2022

SPNEC says share swap to be completed in 2022

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 set from Aug. 30 to […]
August 15, 2022

SPNEC to acquire Solar Philippines’ assets by yearend

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 (SRO) in the coming weeks […]
August 11, 2022

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 […]
August 10, 2022

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 […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

*FOR VISUALIZATION PURPOSES ONLY