September 7, 2024

UK fund manager investing $600 million for 40% stake in SPNEC unit

By Alena Mae S. Flores – September 6, 2024, 9:47 pm from manilastandard.net Executives of Actis Capital and Solar Philippines New Energy Corp. sign an investment agreement for the former’s acquisition of a 40-percent stake in SPNEC unit Terra Solar […]
September 5, 2024

Meralco unit acquires P7.5-b SPNEC shares

By Jenniffer B. Austria – September 4, 2024, 7:50 pm from manilastandard.net 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 acquired 5.8 billion […]
August 23, 2024

MGreen signs deal to take 50% stake in Bugallon solar project

By Alena Mae S. Flores – August 22, 2024, 8:15 pm from manilastandard.net MGen Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGen), signed an investment agreement with Vena Energy (Vena) to jointly develop, construct and […]
August 14, 2024

Facing challenges, SPNEC seeks end to power deal

By Lenie Lectura – August 14, 2024 from Business Mirror TRANSMISSION line constraints prompted the Pangilinan-led SP New Energy Corp. (SPNEC) to ask for a termination of the solar power contract awarded by the Department of Energy (DOE) during the […]