Wednesday, 9 September 2026
7 days ago
Leviste cashes out P3B from SPNEC amid Ombudsman probe
Batangas Rep. Leandro Leviste’s Solar Philippines Power Project Holdings Inc. has raised another P3 billion from selling shares in SP New Energy Corp. (SPNEC), sharply reducing its stake as scrutiny of his solar ventures intensifies.
7 days ago
MVP-led SPNEC buys more land from Leviste firm
Tycoon Manuel V. Pangilinan-led SP New Energy Corp. (SPNEC), controlled by Manila Electric Co. (Meralco), is expanding its landholdings through purchases from companies under founder and politician Leandro Leviste.
22 Jan 2026
10:49AM
MVP-backed SPNEC to become MGEN Renewable Energy Holdings
Listed SP New Energy Corp. is moving to rebrand and reset its market identity, changing its corporate name to MGEN Renewable Energy HoldingsInc. and stock symbol to MGENR from SPNEC, as it positions itself more clearly as a Meralco-backed renewable platform.
12 Jan 2026
5:02PM
Meralco unit: SPNEC deal separate from Leviste microgrid franchise issue
A unit of Manuel V. Pangilinan-backed Manila Electric Co. said its investment in SP New Energy Corporation (SPNEC) is separate from Solar Para Sa Bayan Corporation (SPBC), amid renewed scrutiny linked to Batangas Rep. Leandro Leviste and his solar microgrid franchise.
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.
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