January 2, 2024

SPNEC breaks ground on world’s biggest solar project in Nueva Ecija

By Alena Mae S. Flores – January 1, 2024, 8:20 pm from manilastandard.net SP NEW Energy Corp. (SPNEC) said Monday it broke ground on the “world’s largest solar project” in Central Luzon. SPNEC said in a statement its 100-percent owned […]
December 2, 2023

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

By Jenniffer B. Austria – December 1, 2023, 9:40 pm from manilastandard.net Manila Electric Co. through its unit MGen Renewable Energy Inc. (Mgreen) made an initial payment of P7 billion as part of its plan to acquire a majority stake […]
November 8, 2023

Meralco expects to complete purchase of SPNEC’s majority stake this year

By Alena Mae S. Flores – November 7, 2023, 8:12 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) expects to complete the acquisition of a majority stake in SP New Energy Corp. (SPNEC) by yearend, a top executive said […]
May 9, 2023

MPower aims to increase renewable energy portfolio to 800 MW

By Alena Mae S. Flores – May 8, 2023, 6:40 pm from manilastandard.net Mpower Inc., the local retail electricity supplier unit of Manila Electric Co., said it aims to increase the renewable energy in its supply porfolio to 800 megawatts […]