October 25, 2024

SPNEC: Nueva Ecija project to open in 2025

By Lenie Lectura – October 25, 2024 from Business Mirror SP New Energy Corp. (SPNEC) said Thursday that phase 1A of the 500-megawatt (MW) solar power project in Nueva Ecija is expected to come online in the last quarter of […]
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 […]