Solar Philippines Nueva Ecija Corp. (SPNEC) has signed a power supply agreement (PSA) with Angeles Electric Corp. (AEC), the third-largest distribution utility in Luzon, to be sourced from SPNEC’s Nueva Ecija solar farm. Based on the terms published on the Department of Energy (DoE) website, SPNEC will supply AEC approximately 97.8-megawatt hours per day from
Leandro Leviste’s Solar Philippines NEC [SPNEC 2.02 3.06%] disclosed that it is “firming up” plans to develop 10 gigawatts (GW) of solar projects. SPNEC said that it would be able to achieve this through asset-for-share swaps (yes, plural) with its parent company, Solar Philippines, which has been the holdco for all of
Solar Philippines Power Projects Holdings Inc. is open to swapping its solar portfolio with over 10,000 megawatts of developments for three times the current outstanding shares of Solar Philippines Nueva Ecija Corp. (SPNEC). SPNEC earlier announced that it will do an asset-for-share swap with its parent company, Solar Philippines, to
If there’s any confusion about SPNEC, my feeling is that it has to do more with its IPO as a non-operational company, rather than the fact in itself that the company is non-operational. Maybe that’s natural, since traders/investors here have only really been allowed to invest in IPOs from companies
Solar Philippines Nueva Ecija Corp. (SPNEC) recorded a net loss of P21 million for the first quarter of its operations ending in September 2021, it reported in a disclosure. SPNEC said losses were mainly due to fees, taxes, and licenses. Full Details: Inquirer
Solar Philippines Nueva Ecija Corp. (SPNEC) recorded a net loss of P21 million for the first quarter of its operations ending in September 2021, it reported in a disclosure. SPNEC said losses were mainly due to fees, taxes and licenses. Full Details: Inquirer
Philippine Star reports on Solar Philippines Nueva Ecija Corporation’s (SPNEC) planned asset-per-share swap with parent firm Solar Philippines to set the stage for future expansion and growth. Full Details: Philippines Star
Manila Bulletin reports on the increase in the authorized capital stock of Solar Philippines Nueva Ecija Corp. (SPNEC) by 400 percent to 50 billion shares from the current 10 billion shares in preparation for the acquisition of assets from its parent company. Full Details: Manila Bulletin
Bilyonaryo reported Tuesday that SPNEC was hailed as the best initial public offering of 2021, with a 28 percent gain from its offer price of P1. It noted that SPNEC achieved such remarkable gain amid massive selling pressure, canceled orders, and other negative factors affecting the market. Full Details: Bilyonaryo
Out of the 10 initial public offerings (IPOs) made on the Philippine Stock Exchange (PSE) in 2021, Solar Philippines Nueva Ecija Corp. (SPNEC) emerged as the top performer of the year with as much as 38 percent increase from its offer price days after its market debut. PhilStar said that
