SP New Energy Corporation (SPNEC) and its subsidiaries have secured over 4,000 hectares of land, mostly in the provinces of Nueva Ecija, Bulacan, Tarlac, and Batangas.
In a statement, the firm said over 3,000 hectares of these have been secured through deeds of sale or contracts to sell and over 1,000 hectares through contracts to lease.
“We thank all who have helped us grow SPNEC’s assets, from its initial 352 hectares, to over 4000 hectares, and from a single project, to a portfolio of projects operating, under construction, and under development,” Solar Philippines founder Leandro Leviste said. On May 15, 2023, SPNEC entered into a contract to acquire the shares of SP in various entities using the proceeds of SP’s subscription of 24.37 billion shares of SPNEC.
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