SOLAR PHILIPPINES

NUEVA ECIJA CORPORATION

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

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

*VIDEO FOR VISUALIZATION PURPOSES ONLY

SOLAR PHILIPPINES

NUEVA ECIJA CORPORATION

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 […]
August 9, 2022

SPNEC to be renamed to SP New Energy Corporation

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 and government regulatory authorities. Full […]
August 5, 2022

PSE okays SPNEC stock offering

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 developments (including securing land and […]
August 5, 2022

SPNEC gets greenlight for SRO

Solar Philippines Nueva Ecija Corporation (SPNEC) has been given the go signal to conduct its Php3.3 billion stock rights offering (SRO). Proceeds from the offering will be used for project development which includes securing land of off-take agreements as part of SPNEC’s goal to develop 10 gigawatts (GW) of solar projects by 2025.  Full Details: Power […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

*FOR VISUALIZATION PURPOSES ONLY