Sunday, 18 May 2025
17 Mar 2025
12:53PM
Meralco unit bags P34B investment for PH’s largest greenfield solar-battery project
A landmark $600 million (P34.3 billion) investment has been finalized in one of the largest renewable energy projects in the Philippines.
23 Jan 2025
11:47AM
MVP-backed SPNEC readies financing for world's biggest solar project with share pledge
SP New Energy Corp. (SPNEC), which is controlled by Manuel V. Pangilinan-led Manila Electric Co., has pledged its shares in Terra Solar Philippines Inc. (TSPI) and Terra Nueva Inc. (TNI) as collateral to secure financing for the ambitious Terra Solar project.
22 Nov 2024
8:26AM
Construction begins on MTerra Solar project, world’s largest solar-battery farm
Upon completion, it will deliver clean energy to 2.4 million households, avoiding 4.3 million tons of carbon emissions annually — the equivalent of removing over 3 million gasoline-powered vehicles from the roads.
6 Sep 2024
7:57PM
Global fund Actis commits P34B to MVP-backed Terra Solar project in landmark green energy deal
Manuel V. Pangilinan-led Manila Electric Co. is partnering with global investment fund Actis, which will acquire a 40 percent stake in the Terra Solar project for $600 million (P34 billion), marking the largest foreign direct investment in a greenfield infrastructure project in the Philippines.
5 Sep 2024
10:01AM
Meralco clarifies multibillion-peso SPNEC deal announced on Facebook
By: Miguel R. Camus
Tycoon Manuel V. Pangilinan-led Manila Electric Co. is purchasing additional shares in SP New Energy, although in a different manner than what was announced by the selling party.
1 Aug 2024
12:01AM
SPNEC’s Terra Solar lures ‘long list’ of investors for mid-August showdown
SP New Energy Corp. could soon wrap up a deal to take in one or two foreign investors for its P200 billion Terra Solar project.
12 Jul 2024
10:30AM
Manny V. Rubio takes SPNEC helm from Manny V. Pangilinan
By: Miguel R. Camus
Veteran power industry executive Emmanuel “Manny” V. Rubio has taken over as president and CEO of SP New Energy Corp.
10 May 2024
12:38PM
Lance Gokongwei and MVP Group executives join SP New Energy Corp. board after Meralco takeover
By: Miguel R. Camus
Tycoon Lance Gokongwei and two executives part of the Manuel V. Pangilinan group joined the board of SP New Energy Corp. (SPNEC) following the takeover of Manila Electric Co. last December.
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