SP NEW ENERGY CORP

Business Summary

SP New Energy Corporation is a Philippines-based company. The Company is primarily engaged in the construction, operation, and maintenance of all types of renewable energy plants, including solar, wind, water, heat, steam, ocean, tidal, biomass, and biogas. It is also involved in installations, shops, laboratories, pipelines, repair shops, electrical works, powerhouses, warehouses, terminals, and related facilities for the conversion of renewable energy into usable forms fit for electricity generation and distribution. Its segments include SPNEC, SP Calatagan, SP Tarlac, and Others. It builds solar farms using technology and couples them with battery storage to produce electricity for Central Luzon. The Company is engaged in developing up to a 500-megawatt solar power plant in Barangay Las Pinas, Sinasajan, and Penaranda, Nueva Ecija. Its subsidiaries include Solar Philippines Tarlac Corporation (SP Tarlac) and Terra Solar Philippines, Inc. (Terra Solar).

Country of Incorporation

Philippines

Incorporation Date

2016-11-23

Business Sector

Utilities