SPNEC acquires more solar plants from parent firm

SP New Energy Corp. said Wednesday it acquired a first batch of renewable projects from parent company Solar Philippines Power Project Holdings Inc. under its asset for share-swap agreement.

SPNEC said in statement it signed a deed of absolute sale to acquire SP’s 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.


Manila Standard