SPNEC to start building world’s largest solar farm this year

SP New Energy Corporation (SPNEC), the country’s emerging solar power giant, is planning to break ground this year its massive 3,000 megawatt Nueva Ecija solar expansion project. During the firm’s Annual Stockholders’ Meeting, Solar Philippines Founder Leandro Leviste said this is the project to which the company has invested the bulk of the proceeds of its capital raising activities. Source: Manila Bulletin

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)




May 8, 2023

MPIC could become SPNEC’s biggest owner for P23.75 B

Metro Pacific Investments Corporation (MPIC) has signed definitive agreements for an option to invest up to a total of P23.75 billion for 19 billion shares and becoming the largest shareholder with approximately 42.82 percent of SP New Energy Corporation (SPNEC). In a disclosure to the Philippine Stock Exchange, SPNEC said the option agreement granting MPIC […]
March 28, 2023

Metro Pacific says to acquire shares in SPNEC for P2-B

  MANILA — Metro Pacific Investment Corp said on Tuesday it would acquire shares in SP New Energy Corp (SPNEC) worth P2 billion. In a disclosure to the stock exchange, MPIC said it would acquire a total of 1.6 billion common shares of SPNEC from its parent Solar Philippines Power Project Holdings Inc. Source: ABS-CBN […]
March 28, 2023

Philippines’ Metro Pacific to acquire $36 mln stake in renewable energy firm

  MANILA, March 28 (Reuters) – Philippine infrastructure conglomerate Metro Pacific Investments Corp on Tuesday said it signed a deal to acquire a minority stake in renewable energy firm SP New Energy Corp for 2 billion pesos ($36.8 million). Metro Pacific, a unit of Hong Kong’s First Pacific Co Ltd, was given the option to […]
March 8, 2023

SPNEC receives P2.8B of SRO

  SP Energy Corp. (SPNEC) has received P2.8 billion out of the stock rights offers (SRO) it issued recently, equivalent to 99.9 percent of the subscriptions. The proceeds of the fund raising will be used for project development, including the acquisition of land in Nueva Ecija and Bulacan. This has increased the company’s publicly-owned shares […]
February 13, 2023

Solar Philippines, Prime Infra advance solar team-up

MANILA, Philippines — Solar Philippines and Razon-led Prime Infra have agreed to advance their partnerships covering several solar projects. In a disclosure last Friday, SP Energy said its board approved the planned memorandum of agreement (MOA) between Solar Philippines and Prime Infra.     Source: Philstar
February 10, 2023

Solar PH commits to buy unpaid shares in SRO

Solar Philippines Power Project Holdings Inc. said it will be taking up whatever shares out of the P2.7 billion stock rights offer (SRO) of its listed unit SP New Energy Corp. were not completely paid by March. “Based on indications of interest for SPNEC’s shares, the company believes that the partially paid SRO shares will […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)