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The P2.8 billion to be raised by Solar Philippines Nueva Ecija Corporation (SPNEC) from its ongoing stock rights offering will be a catalyst for its goal of expanding into a P400-billion renewable energy company with a total capacity of 10 gigawatts (GW).
“The SRO’s P2.8 billion proceeds will help
Listed firm Solar Philippines Nueva Ecija Corp. (SPNEC) said it could issue an additional 3 billion shares in the form of private placements after it has completed its stock rights offer (SRO) later this month. Solar Philippines founder Leandro L. Leviste said the private placements will predominantly be from foreign…
Leviste-led Solar Philippines Nueva Ecija Corporation (SPNEC) will be securing additional 2,500 hectares of land in Bulacan and Nueva Ecija provinces for its expanding solar energy projects.
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The company noted that the funding for the property purchases will be sourced from the proceeds of SPN