MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Co., has completed its P15.9- billion investment in SP New Energy Corp. (SPNEC).   Source: PhilStar

MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Co. (Meralco), has completed its P15.9-billion investment in SP New Energy Corp. (SPNEC) and has taken a controlling stake in the solar company.   Source: Business Mirror

SP New Energy Corp. (SPNEC) is eyeing to fully complete the world’s largest solar project by 2027. SPNEC said the P200-billion Terra solar development in Nueva Ecija and Bulacan, which will consist of 3,500 megawatts (MW) of solar panels and 4,000 megawatt-hours (MWh) of battery storage, would be completed in two phases.   Source: PhilStar

The first phase of what is deemed the world’s largest solar project in development is on track for delivery by the first quarter of 2026. SP New Energy Corp. (SPNEC) broke ground on the site that will cover around 3,500 hectares of land in Nueva Ecija and Bulacan which will be owned by the company through its […]

The world’s largest solar project breaks ground in the Philippines, SP New Energy Corporation says. Its subsidiary, Tera Solar Philippines, has started clearing 3,500 hectares of land in Nueva Ecija and Bulacan. More than 5 million solar panels worth 200 billion pesos will be installed there.   Source: ANC

SPNEC, founded by businessman Leandro Leviste, said in a disclosure on Wednesday that MGreen had “given the balance payment of P8.89 billion on December 27, 2023” to complete the acquisition.   Source: Manila Times