SPNEC starts operations, acquires operating plants

SP New Energy Corp. (SPNEC) has commenced the acquisition of the first batch of operating solar projects from its parent company Solar Philippines (SP). The move consolidates SP’s assets and marks the start of commercial operations of SPNEC. Source: Philstar

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)




November 8, 2022

SPNEC changes name to SP New Energy Corp.

Solar Philippines Nueva Ecija Corporation’s change in its corporate name to SP New Energy Corporation (SPNEC) has started to be reflected on the systems of the Philippine Stock Exchange (PSE) on November 8, 2022. In a statement, the firm said this change reflects the company’s expansion from a single project in Nueva Ecija to a […]
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 […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)