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Ayala-led ACEN Corporation will be acquiring five percent, equivalent to 500 million shares, in listed firm SP New Energy Corporation (SPNEC), a subsidiary of Leviste-founded Solar Philippines, as prepayment to a loan it extended to the latter for a solar farm development in Central Luzon.
The Manila Electric Co. (Meralco) will proceed to negotiate its 850 megawatt (MW) renewable energy power supply requirement following the failure of the second round of the competitive selection process (CSP) for Terra Solar Philippines Inc.’s unsolicited proposal. “We have already started direct negotiations with the original proponent and intend… ....
Shareholders of Solar Philippines Nueva Ecija Corp. approved yesterday the increase in the company’s authorized capital stock to 50 billion shares from 10 billion shares, as well as the related share swap. ....
AC Energy lends P1B to Solar Philippines affiliate for project sites bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.