Solar Philippines is preparing an initial public offering (IPO) of the shares of wholly owned subsidiary Solar Philippines Nueva Ecija Corporation (SPNEC) worth up to P1.3 billion. In a statement, the firm said SPNEC is developing a 500 MW solar project in Peñaranda, Nueva Ecija.
Solar Philippin
Solar Philippines Nueva Ecija Corp. (SPNEC), a subsidiary of Solar Philippines, will go public and sell shares to raise equity for its solar power project. Solar Philippines founder Leandro Leviste said Monday SPNEC is preparing an initial public offering (IPO). SPNEC is developing a 500MW solar power project in Peñaranda,…