MPIC will become the largest shareholder of Solar Phillippines



Metro Pacific Investments Corp. (MPIC) has acquired a 42.82% stake in Solar Philippines Nueva Ecija Corp. (SPNEC) for PHP 24 billion ($430.6 million).

SPNEC has been listed on the Philippine Stock Exchange since December 2021. MPIC has agreed to buy 19 billion shares in the deal.

“SPNEC and SPH are finalizing an asset swap that will consolidate SPH’s over 8GW project pipeline under SPNEC,” MPIC said in late March when it launched operations. “SPNEC creates value with solar project development. MPIC provides the capital and investment expertise to work in partnership with management teams and key stakeholders to build profitable growth infrastructure leaders.

SPNEC was originally a solar module manufacturer, but has become a large-scale developer of solar projects in recent years. It has built solar parks in several locations in the Philippines.

David is a passionate writer and researcher who specializes in solar energy. He has a strong background in engineering and environmental science, which gives him a deep understanding of the science behind solar power and its benefits. David writes about the latest developments in solar technology and provides practical advice for homeowners and businesses who are interested in switching to solar.

Read More

Related Articles


Please enter your comment!
Please enter your name here