Solar Philippines
 | |
| Company type | Holding company |
|---|---|
| Industry | Energy |
| Founded | 2013 |
| Founder | Leandro Leviste |
| Headquarters | , |
| Products | Solar energy |
| Website | www |
Solar Philippines Power Project Holdings, Inc., or simply Solar Philippines, is a solar energy company based in the Philippines.
History
Solar Philippines was established in 2013 by Leandro Leviste. The company started small-scale, providing rooftop installment of solar panels it imported form China to clients. Its first project was the installment of solar panels at Central Mall in Biñan, Laguna. It also provided the rooftop solar panels of SM City North Edsa in Quezon City.[1]
The company in 2016, was able to secure a subsidy from the Department of Energy enabling it to set up the Calatagan Solar Farm. This was followed by photovoltaic power stations in Batangas, Nueva Ecija and Tarlac.[1]
A subsidiary, the Solar Philippines Nueva Ecija Corp. (SPNEC), which is intended to operate the Nueva Ecija Solar Farm as the world's largest solar farm was listed in the Philippine Stock Exchange in December 2021[1][2] SPNEC was renamed as SP New Energy Corp. in 2022.[3] SPNEC began construction of the solar farm in 2021.[4]
SPNEC's Manuel Pangilinan announced on March, 2024 plans to sell 40% of the equity in Terra Solar Philippines Inc. to get more investors to build a P200-billion cache. "The investment [for the project] would be at Terra Solar, which is 100 percent owned by SPNEC. Most likely, foreign investors will come in for an up to 40-percent equity stake at the Terra Solar level," Pangilinan said.[5][6]
Countryside Investment Holdings Corporation, in partnership with SPPPH, Inc is funding P5 billion to transform Batangas into a dynamic landscape for trade and energy. The strategic move will benefit 13,000 farmers and sugar mill workers who were displaced by the closure of Central Azucarera Don Pedro sugar mill in Nasugbu.[7]
Solar farms
- Calatagan Solar Farm – Calatagan, Batangas
- Tarlac Solar Farm – Concepcion, Tarlac
- Nueva Ecija Solar Farm – Peñaranda, Nueva Ecija
References
- ^ a b c "Capitalizing on a sunrise industry". BusinessWorld. November 14, 2022. Retrieved November 20, 2022.
- ^ Cordero, Ted (December 1, 2021). "Solar Philippines unit begins offer period for P2.7-B IPO". GMA News. Retrieved November 20, 2022.
- ^ "SPNEC changes name to SP New Energy Corp". Manila Bulletin. November 8, 2022. Retrieved November 20, 2022.
- ^ "SPNEC starts construction of 'biggest solar project in Southeast Asia'". GMA News Online. Retrieved December 26, 2021.
- ^ Adonis, Meg (March 5, 2024). "SPNEC scrambles to fund world's largest solar farm". Retrieved March 6, 2024.
- ^ Salting, Paolo (March 4, 2024). "SP New Energy in talks with potential investors". Retrieved March 6, 2024.
- ^ "Leandro Leviste's Countryside bets big on Batangas with P5-B investment". bilyonaryo.com. March 15, 2024. Retrieved March 16, 2024.
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