Meralco PowerGen Corp. (MGen) is exploring real estate investment trust (REIT) options to unlock more value from its renewable energy projects. MGen President and Chief Executive Officer Emmanuel Rubio said in an interview that a REIT—which allows companies to generate steady income from real...
Terra Solar Philippines, an affiliate of Meralco PowerGen Corporation (MGen), reported substantial progress on its solar project, with 778 megawatts (MW) of solar panels now installed. In a disclosure to the Philippine Stock Exchange on Tuesday, July 8, the company said that its MTERRA Solar...
Terra Solar Philippines’ (MTerra Solar) ₱200-billion worth solar and battery facility is expected to start operations in the first three months of 2026, according to BDO Unibank, Inc., the biggest lender to the multi-billion-peso project finance facility. Earlier this year, MTerra Solar, a unit...
BATANGAS CITY – Solar Philippines founder Leandro Legarda Leviste has provided a total of 150,000 relief packs to victims of severe tropical storm “Kristine” in 284 barangays in this province. LEVISTE (center) Aside from the relief packs coordinated through Leviste’s Lingkod Legarda Leviste...
A total of 21 service contracts awarded by the Department of Energy (DOE) to Solar Philippines are in the process of termination. Senate President Pro Tempore Jinggoy Ejercito Estrada asks questions during the Finance Subcommittee E briefing held on Wednesday, October 9, 2024. Estrada not only...
Young billionaire and Solar Philippines Founder Leandro Leviste is investing over P15 billion to create jobs in Batangas and other provinces through his Provincia Investments Corporation (PIC). In an announcement posted on Solar Philippines’ Facebook page, Leviste said this new budget is in...
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste. Meralco PowerGen Corporation (MGen) is buying another...
Solar Philippines founder Leandro Legarda Leviste has increased his stake in ABS-CBN Corporation to 10 percent—almost enough to entitle him a seat in the multi-media firm’s board of directors. In a disclosure to the Philippine Stock Exchange (PSE), ABS-CBN said Leviste’s LL Holdings Inc....
SP New Energy Corporation (SPNEC), a member of the Meralco Group of companies, has turned profitable in the first quarter of 2024 with a net income of P156 million and an attributable net income of P47.5 million from a loss of P24.57 million in the same period last year. Based on its disclosure to...
Young tycoon Leandro Legarda Leviste has acquired the equivalent of 8.5 percent of ABS-CBN Corporation, continuing his buying binge after selling a portion of his stake in SP New Energy Corporation to Meralco PowerGen Corporation. ABS-CBN’s share price has surged over the past week and...
Solar Philippines announced that its Jakarta-based partner has secured a loan to finance the construction of Indonesia's largest ground-mounted solar project. The Leviste-led firm stated that its joint venture partner, Medco Energi (Medco), PT Medcosolar Bali Timur, signed a loan agreement with...
Countryside Investments Holdings Corporation (Countryside), a company wholly owned by Leandro Leviste, is investing over P5 billion to help propel the development of rural Batangas. In a statement, Leviste said this will be done in partnership with his renewable energy firm Solar Philippines Power...
