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...
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...
