Joint venture firm Filinvest-ENGIE Renewable Energy Enterprise Inc. (FREE) has completed its first 2.8-megawatt peak (MWp) solar rooftop installation at the Filinvest Land Inc.’s Festival Mall in Alabang. FREE is a partnership between FDC Utilities Inc. (FDCUI), which is the energy investment arm...
Listed firm Aboitiz Power Corp. has engaged Japanese firm subsidiary JGC Philippines as its engineering, procurement and construction (EPC) contractor for its P4.5 billion 94-megawatt peak (MWp) solar farm installation in Pangasinan. The notice-to-award for the EPC deal was served by Aboitiz...
The P2.7 billion initial public offering (IPO) of Solar Philippines Nueva Ecija Corporation (SPNEC), developer of what is touted as Southeast Asia’s largest solar project, is almost two times oversubscribed ahead of its listing on December 17, 2021. “SPNEC’s IPO was oversubscribed, receiving...
Spectrum dangles cost-savings with Meralco’s net-metering solution Myrna M. Velasco Spectrum, which is a solar power company under Manila Electric Company (Meralco), is promising savings in the electric bills for those who will be avail of their offer for a net metering solution. Net metering is...
Marikina City started its push towards renewable energy after the city's Finance Building along Shoe Ave. in Barangay Sta. Elena was retrofitted with photovoltaic solar panels in partnership with Spectrum, Manila Electric Company's (Meralco) renewable energy subsidiary on Wednesday, Dec. 1. As part...
Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7. Based on documents filed with the Philippine Stock Exchange, the firm...
Solar Philippines Nueva Ecija Corporation (SPNEC), just like its parent company Solar Philippines Power Project Holdings Inc., is banking not just on its future solar power generation capacity but also on its vast landholdings to attract both stock market investors and potential business partners....
Solar Philippines Nueva Ecija Corp. (SPNEC), the first pure renewable energy firm to go public, has pegged its initial public offering (IPO) price at P1 per share for an offer size of P2.7 billion. In a disclosure to the Philippine Stock Exchange, the firm said the offer period is planned for Dec....
Solar Philippines Tarlac Corporation (Solar Tarlac), a subsidiary of renewable energy firm Solar Philippines, is planning to raise P4.15 billion from the issuance of green bonds. The proposed green bonds has been assigned a high credit rating of PRS Aa plus with a Stable Outlook by the Philippine...
Yuchengco-led PetroEnergy Resources Corporation (PERC) said its nine-month net income increased by 30 percent to P544 million from P417 million in the same period last year. From that scale of profitability, the energy firm’s net income went up by a significant 60 percent to P323 million from the...
Ayala-led AC Energy Corporation (ACEN) has tapped Power Construction Corporation of China Ltd. and its local subsidiary PowerChina Philippines Corporation as engineering, procurement and construction (EPC) contactor for its 283-megawatt solar farm project in San Marcelino, Zambales. The Ayala...
Solar Philippines is preparing an initial public offering (IPO) of the shares of wholly owned subsidiary Solar Philippines Nueva Ecija Corporation (SPNEC) worth up to P1.3 billion. In a statement, the firm said SPNEC is developing a 500 MW solar project in Peñaranda, Nueva Ecija. Solar Philippines...
