Monday, May 4, 2026
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Tag: SPNEC

Pangilinan group not keen on hiking stake in SPNEC

The group of businessman Manuel Pangilinan (Meralco) has no plans to acquire the remaining interest of businessman Leandro Leviste in SP New Energy Corp....

MVP Group eyes 2027 re-IPO for MGen Renewable

MVP Group chairman Manuel Pangilinan remains keen on pursuing a planned re-initial public offering (re-IPO) for MGen Renewable Energy Holdings Inc. in 2027. Pangilinan told...

SPNEC changes name to MGEN Renewable Energy Holdings

SP New Energy Corp. (SPNEC) said Thursday its board has approved a change of its corporate name to MGEN Renewable Energy Holdings Inc. as...

SPNEC says not liable for P24-b fines

SP New Energy Corp. (SPNEC) said over the weekend it is not liable to pay P24 billion in penalties cited by the Department of...

DOE in talks with DOJ, OSG to collect P24b from Leviste’s firm

The Department of Energy is in talks with the Department of Justice and the Office of the Solicitor General to collect an estimated P24...

SPNEC to appeal solar contract termination

SP New Energy Corp. (SPNEC), a subsidiary of Meralco PowerGen Corp., is seeking a motion for reconsideration following the termination of its renewable energy...

Ombudsman probes Leviste’s solar firm

Ombudsman Remulla said an investigation is already underway into alleged franchise violations of a solar energy firm founded by Batangas 1st District Rep. Leandro...

SPNEC separate from firm with disputed franchise

Meralco PowerGen Corp. (MGEN) said Sunday SP New Energy Corp. (SPNEC) is a separate corporate entity from Solar Para Sa Bayan Corp. (SPBC), distancing...

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...

Meralco’s MGreen unit hikes stake in SP New Energy for P13.8 billion

MGen Renewable Energy Inc. (MGreen), a subsidiary of Meralco-owned Meralco Powergen Corp. (MGen), said Wednesday it acquired 10.8 billion shares in SP New Energy...

SPNEC on track to start solar power production by yearend—Pangilinan

SP New Energy Corp. (SPNEC) is on track to start producing solar energy by the end of the year and plans to fold in...

Newly-elected Leandro Leviste divesting from SPNEC

Newly-elected Batangas Rep. Leandro Legarda Leviste agreed to divest most of his shares in listed renewable firm SP New Energy Corp. (SPNEC) before assuming...

Actis closes acquisition of $600-m stake in Terra Solar

MGEN Renewable Energy Inc. (MGreen), through subsidiary SP New Energy Corp. (SPNEC), said Actis Rubyred (Singapore) Pte. Ltd., via its subsidiary Actis Rubyred (Philippines)...

SPNEC to build another large solar farm

SP New Energy Corp. (SPNEC) plans to build another large solar farm in Batangas province to be called Terra Solar 2, a top executive...
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