SPNEC plans to welcome 2 foreign partners this year

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SP New Energy Corp. expects to take in “at most” two foreign partners in Terra Solar Philippines Inc. within the year, an executive said Tuesday.

Pangilinan earlier said the company was looking at investors to help fund Terra Solar’s solar project, touted as the world’s biggest solar project. “Most likely foreign investors will come in for an up to 40-percent equity stake at the Terra Solar level,” Pangilinan said.“We intend to meet our targets, which is our commitment to the government to energize this by 2026,” he said.

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MlaStandard /  🏆 20. in PH

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