ACEN to acquire 5% stake in SPNEC

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, 2026. Source: Manila Bulletin

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)




October 11, 2022

Revised ownership rule on RE projects

After Solar Philippines Nueva Ecija Corp., which is headed by young entrepreneur Lean Leviste, successfully launched its initial public offering last year and drew billions of pesos in investments, other solar energy companies had taken the same route to fund their operation. The future looks bright for RE projects in the Philippines. Source: Inquirer
September 9, 2022

Leandro Leviste’s SPNEC got a big vote of confidence from shareholders, raises P2.8B from fully-subscribed rights offering

Shareholders of Solar Philippines Nueva Ecija Corp. (SPNEC) gave a resounding vote of confidence to techpreneur Leandro Leviste and his massive plans for the power firm. SPNEC raised P2.8 billion from a stock rights offering which has been fully subscribed in both the first and second rounds on strong takeup from its existing investors. Source: […]
September 9, 2022

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
September 8, 2022

SPNEC’s P2.8-B SRO fully subscribed

Solar Philippines Nueva Ecija Corporation’s (SPNEC) P2.8 billion stock rights offering has been fully subscribed due to strong demand from its existing shareholders despite the challenging market conditions. In a disclosure to the Philippine Stock Exchange, the firm said the 1.88 billion new common shares were fully subscribed in the first and second round of […]
August 31, 2022

SPNEC SRO to fund 10 GW projects

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 complete the development of 10 […]
August 30, 2022

Nueva Ecija Solar Farm Update

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 #SPNEC into #SPNewEnergy. WATCH: Nueva […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)