Wednesday, May 6, 2026
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Tag: SPNEC

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...

World’s largest solar farm in Luzon reaches 74% project development

Solar Philippines New Energy Corp. (SPNEC), now led by Meralo PowerGen Corp., reported 74-percent project development at the world’s largest integrated renewables and energy...

SPNEC subscribes to more shares in Terra Solar, Terra Nueva for P8.9b

SP New Energy Corp. (SPNEC) said Thursday it is subscribing more shares in subsidiaries Terra Solar Philippines Inc. (TSPI) and Terra Nueva, Inc. (TNI)...

SPNEC seeks repricing of NE solar contract

SP New Energy Corp. (SPNEC), a subsidiary of Meralco PowerGen Corp., is negotiating with the Department of Energy on relocating and repricing its contract...

Meralco unit acquires P7.5-b SPNEC shares

Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., acquired P7.5 billion worth of shares in renewable firm SP New Energy Corp. (SPNEC). MGen...

SPNEC asks DOE to terminate280-MW Nueva Ecija solar deal

SP New Energy Corp. (SNPEC), a subsidiary of Meralco PowerGen Corp., asked the Department of Energy to terminate its contract for a 280-megawatt solar...

SPNEC taking foreign partner in P200-b project

SP New Energy Corp. (SPNEC) expects to take in a foreign joint venture partner in Terra Solar Philippines Inc. by the end of the...

SPNEC plans to welcome 2 foreign partners this year

SP New Energy Corp. (SPNEC) expects to take in “at most” two foreign partners in Terra Solar Philippines Inc. within the year, an executive...

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 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...

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 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)...
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