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 the SRO and Solar Philippines did not have to exercise its undertaking to mop up …

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)




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 […]
July 13, 2022

SPNEC adjusts price range of stock rights offering

SOLAR Philippines Nueva Ecija Corp. (SPNEC) has adjusted the price range of its stock rights offering to P1.50 to P1.75 per share, saying it was doing so “in the interest of the success” of the fundraising. In its disclosure on Tuesday, the company also highlighted the option to pay in installments, with a downpayment of […]
June 29, 2022

Solar PH seals 6-GW energy supply deals

Solar Philippines is moving closer to its target of sealing 10 gigawatts of renewable energy contracts after clinching the majority of supply deals with the government. Full Details: Inquirer
June 28, 2022

Solar PH vows to meet supply commitments under GEAP

Solar Philippines said Tuesday it is working to deliver its commitments under the Green Energy Auction Program and other power supply agreements that will support its 10 gigawatts of projects under development. It issued the statement after the Department of Energy released the results of the GEAP, showing that Solar Philippines won 70 percent of […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)