Thursday, January 1, 2026
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Tag: SP New Energy Corp.

Meralco’s MGreen eyes 2026 share swap with SPNEC

MGen Renewable Energy (MGreen), the clean power subsidiary of Meralco PowerGen (MGen), is eyeing a share swap with SP New Energy Corp.’s (SPNEC) renewable...

SPNEC secures P3.78-b loan from PNB

The board of SP New Energy Corp. has approved a plan to secure a term loan facility of up to P3.78 billion from the...

MGreen eyes backdoor listing through SPNEC

The board of Meralco PowerGen Corp. (MGEN) approved the selection of advisers for the planned backdoor listing of its renewable energy subsidiary MGEN Renewable...

SPNEC signs P150-b loan agreement with 6 banks

SP New Energy Corp. (SPNEC) said Friday its subsidiary Terra Solar Philippines Inc. (MTerra Solar) signed a P150-billion loan agreement with six local banks. The...

SPNEC books P5.7-b income following entry of Meralco unit

Renewable energy firm SP New Energy Corp. (SPNEC) booked a net income of P5.7 billion in 2023, a sharp turnaround from net loss of...

SPNEC woos more investors to roll out ‘world’s largest solar project’

SP New Energy Corp. (SPNEC) is wooing more investors in Terra Solar Philippines Inc., the corporate vehicle of the “world’s largest solar project.” Terra Solar...

SPNEC included in MSCI Philippines

Integrated solar developer SP New Energy Corp. (SPNEC) was included in exclusive and coveted MSCI Philippines Small Cap Index. SPNEC was the only addition to...

MGreen acquires another P2.5-b worth of shares in solar firm SPNEC

MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Co., acquired another 2.17 billion shares in SP New Energy Corp. (SPNEC) for P2.5...

SPNEC gets SEC nod to hike capital stock to P7.75b

SP New Energy Corp. (SPNEC) said Monday the Securities and Exchange Commission’s (SEC) approved the proposed increase in authorized capital stock to P7.75 billion...

Pangilinan named chair of SPNEC

Businessman Manuel Pangilinan took the helm of SP New Energy Corp. (SPNEC), as MGen Renewable Energy (MGreen) completed its P15.9-billion investment in the solar...

Meralco unit pays P7b to acquire stake in solar power firm SPNEC

Manila Electric Co. through its unit MGen Renewable Energy Inc. (Mgreen) made an initial payment of P7 billion as part of its plan to...

Meralco investing P15.9b for majority stake in SPNEC

Power retailer Manila Electric Co. (Meralco) said Thursday it is investing P15.9 billion to take a majority stake in SP New Energy Corp. (SPNEC)...

SPNEC secures over 4,000 hectares of land in Luzon

SP New Energy Corp. said Wednesday that together with its subsidiaries, it secured more than 4,000 hectares of land, mostly in the provinces of...

SPNEC in talks with fund managers for private placement

SP New Energy Corp. said it in talks with local and foreign funds for possible private placement to enable it to comply with the...
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