Solar Philippines Nueva Ecija Corporation (SPNEC) aims to complete its acquisition of the assets of parent company Solar Philippines worth about P60 billion by the end of this year. In a disclosure to the Philippine Stock Exchange, the firm said that the conclusion of its P3.3 billion Stock Rights Offering (SRO) in the coming weeks […]
Solar Philippines plans 2-GWp solar park with storage and diesel backup
Solar Philippines Biga Corporation is planning to build in Batangas a giant power complex combining 2 GWp of solar power capacity, 6 GWp of energy storage and a 600-MW diesel backup plant. The company recently filed a public scoping report for the Batangas 3 Solar Baseload Plant, which it expects to be able to complete […]
Solar eyes 2,000 MW Batangas power plant
Solar Philippines Biga Corp., a unit of Solar Philippines of businessman Leandro Leviste, is proposing to build a 2,000-megawatt solar power plant with a 6,000 MW hours battery energy storage system (BESS) and a 600-MW diesel backup in Nasugbu, Batangas to supply clean and renewable power. “The project is expected to generate local employment during […]
Solar Philippines targets 1 GW in projects next year
SOLAR PHILIPPINES : plans to build over 1 gigawatt (GW) of projects in Batangas, Cavite, Nueva Ecija and Tarlac next year, in a bid to boost the country’s installed solar capacity, the company said on Wednesday. These ventures would represent the first, second and third largest solar projects in the Philippines, the company said, citing […]
Solar Philippines appoints Marty Crotty as chief executive officer
SOLAR Philippines has named a new chief executive officer (CEO) to lead the company a month after signaling a new strategic direction in onboarding professional management, the solar energy provider said on Tuesday. Power industry veteran Marty Crotty is now the new CEO of the firm, which was previously helmed by Leandro L. Leviste. “Given […]
Solar Philippines plans stock offering
Local firm Solar Philippines is prepping up for its planned initial public offering (IPO) at the local bourse, according to company executives. The firm, which was founded by young businessman Leandro Leviste, has recently tapped power industry hotshot Marty Crotty as its new Chief Executive Officer (CEO), who will steer the company on its targeted […]