SPNEC acquires assets from Solar PHL

Publicly-listed SP New Energy Corp. (SPNEC) has acquired projects from its parent company Solar Philippines, marking the company’s start of commercial operations. SPNEC said it signed on May 15 a deed of absolute sale to acquire Solar Philippines shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., which together own over 100 megawatts of operational solar power plants and another over 50 MW under construction. SPNEC will begin …

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)




January 30, 2023

More tie-ups eyed for SP New Energy

SOLAR Philippines Power Project Holdings Inc. is opening up its listed unit SP New Energy Corp. to more strategic partnerships with groups, which could be worth about P2.7 billion in private placements and asset-for-share swaps. The company said in its disclosure that its deal last week with ACEN Corp., the energy firm of the Ayala […]
January 27, 2023

SPNEC eyes more private placements

MANILA, Philippines — SP New Energy Corp. (SPNEC) plans to undertake more private placements. “We are open to further broadening SPNEC’s shareholder base, to build a more widely-held company and accelerate the development of solar in the Philippines,” said Solar Philippines founder Leandro Leviste. Source: PhilStar
January 26, 2023

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, […]
January 11, 2023

Meralco to negotiate with Solar PH for 200-MW baseload supply

MANILA – Meralco is set to proceed with negotiations for its 200-MW baseload energy requirement following the failure of the second round of Competitive Selection Process (CSP) for Solar Philippine Batangas Baseload Corp’s (SPBB) unsolicited proposal. SPBBC will provide the capacity using solar and battery in compliance with Meralco’s Renewable Portfolio Standards (RPS) requirement. Source: […]
January 4, 2023

SPNEC converting vast tract of land for industrial use

MANILA, Philippines — SP New Energy Corp. (SPNEC) is targeting to convert over 3,000 hectares of land in Nueva Ecija and Bulacan for industrial use this year. In a disclosure to the Philippine Stock Exchange, SPNEC said it is preparing the lands for industrial conversion before the new year ends after securing off-take agreements for […]
November 14, 2022

Capitalizing on a sunrise industry

LEANDRO LEVISTE was only 20 years old when he said he started investing in Tesla and Solar City, both US companies that specialized in manufacturing solar panels. He observed that when the stock price of Tesla did well, it illustrated that the market had underestimated the potential for solar energy. Inspired by this, he believed […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)