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 19, 2024

Meralco eyes bigger stake in solar firm SPNEC

By Alena Mae S. Flores – August 18, 2024, 7:35 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) is willing to take a bigger stake in SP New Energy Corp. (SPNEC), the developer of the largest single-site solar project […]
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 […]
August 2, 2024

22 power projects to undergo grid impact study

By Alena Mae S. Flores – August 1, 2024, 7:25 pm from manilastandard.net   The Department of Energy endorsed to the National Grid Corp. of the Philippines (NGCP) 22 power generation projects for the conduct of a system impact study […]