Solar Philippines Nueva Ecija Corporation (SPNEC) is raising P10 billion from the capital market, including a planned stock rights offering (SRO), to complete its development of 10 GW of solar projects. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has...
MGen Renewable Energy Inc. (MGreen), a subsidiary firm of Meralco PowerGen Corporation, has cemented a joint venture deal with Singapore-headquartered Vena Energy for a 68-megawatt ac (MWac) solar farm development in Ilocos Norte. The corporate vehicle of the partner-firms for the blueprinted solar...
Listed firm Solar Philippines Nueva Ecija Corporation (SPNEC) has inked a 10-year power supply agreement (PSA) with Angeles Electric Corporation (AEC), a privately owned power distribution company that is touted to be the third biggest in Luzon grid. According to SPNEC, it will supply 97.8 megawatt...
From left: Ajinomoto Philippines Corporation (APC) President Tsutomu Nara and Spectrum President and CEO Ferdinand O. Geluz formalize the two companies’ partnership that will involve a pilot solar project at APC’s plant in Bulacan. Spectrum, a wholly owned subsidiary of Manila Electric Company...
Spectrum to install solar system at Ajinomoto facility By MYRNA M. VELASCO Spectrum, a subsidiary of Manila Electric Company (Meralco), has been tapped as a partner for the installation of a solar photovoltaic (PV) system of 1,015.56-kilowatt peak (kWp) capacity that will cater to the electricity...
Ayala-led ACEN Corporation has inked a $165 million deal with Thai firm Super Energy Corporation Public Company Ltd. (SUPER) for joint development and ownership of solar projects in Vietnam and expansion targets in the ASEAN region. ACEN’s wholly-owned subsidiary AC Energy Vietnam Investments...
AC Energy Solar, a subsidiary of Ayala-led ACEN Corporation, and its foreign partner UPC Renewables will be constructing the proposed 420-megawatt peak (or 320MWac) Masaya solar farm project in Khandwa district in the state of Madhya Pradesh, India that will command an investment of $220 million....
Solar Philippines Nueva Ecija Corp. (SPNEC) is considering a stock rights offering and form joint ventures as part of plans to develop 10 gigawatt (GW) of solar projects. In a disclosure to the Philippine Stock Exchange, the firm said the development plans will be firmed up once its asset-for-share...
Power utility giant Manila Electric Company (Meralco) is soliciting bids for 850-megawatt renewable energy (RE) capacity via competitive selection process (CSP) that will match the unsolicited offer of Terra Solar of the Razon-Leviste group. In a bid notice submitted to the Department of Energy...
Solar Philippines Power Project Holdings, Inc. (SP)m is planning to inject its solar portfolio with over 10,000 MW of developments into listed Solar Philippines Nueva Ecija Corporation (SPNEC) in exchange for P39-billion worth of shares. In a statement, SP said it is open to swap its assets for...
Imagine living your life with no lights, no phones, and no internet connection. As tragic as it may sound, this is the reality of about 1.6 million Filipino households and around 12,000 sitios (small communities) in the country with no access to electricity. These unelectrified communities are part...
Solar Philippines Nueva Ecija Corp. (SPNEC) is planning to increase its authorized capital stock by 400 percent to 50 billion shares from the current 10 billion shares in preparation for the acquisition of assets from its parent company. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC...
