Ayala energy firm ACEN Corporation has inked subscription agreements for P14-billion worth of shares purchase in two subsidiaries to bankroll the development of its greenfield solar and wind projects in Luzon. For the solar venture, ACEN signed a subscription deal with its subsidiary Santa Cruz...
Newly-listed Solar Philippines Nueva Ecija Corporation (SPNEC) has started the construction of the first phase of what it plans to be the largest solar project in Southeast Asia. The firm is using proceeds from its P2.7 billion initial public offering to construct the first 50 MW and the...
The National Irrigation Administration (NIA) has transferred 60 percent of its 100 percent ownership over the massive P33.75 billion Casecnan Multipurpose Irrigation and Power Project (CMIPP) to the Power Sector Assets and Liabilities Management Corporation (PSALM). NIA Administrator Ricardo R....
Newly-listed Solar Philippines Nueva Ecija Corporation (SPNEC) is preparing its planned expansion for a joint venture that will build a 1,000 hectare solar farm. “We are preparing an initial 1,000 hectares for a joint venture with a partner who can help turn this plan into a reality,” said...
Solar Philippines Nueva Ecija Corporation (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has successfully made its trading debut on the Main Board of the Philippine Stock Exchange (PSE). The firm’s shares closed its first trading day at P1.01 per...
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....
