Newly listed Solar Philippines begins construction of Nueva Ecija plant

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Solar Ranch or Southeast Asia’s largest solar project will soon rise on a former ranchland developed by Solar Philippines Nueva Ecija Corporation. Handout" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/life/12/15/20211214-solar-ranch.jpg"/><figcaption>Solar Ranch or Southeast Asia’s largest solar project will soon rise on a former ranchland developed by Solar Philippines Nueva Ecija Corporation. <em>Handout</em></figcaption></figure></div><p>MANILA - Solar Philippines Nueva Ecija Corp (SPNEC) has started the construction of the first phase of what could be the largest solar project in Southeast Asia.</p><p>The proceeds of its P2.7 billion IPO will be used to construct the first 50 MW and the interconnection facilities for the full 500 MW project as well as to acquire the land for further expansion, the company told the stock exchange on Monday. </p><p>SPNEC said the first 50 MW is expected to begin contributing power to the grid by the end of 2022. </p><p>The project, to be installed in Peñaranda, a 4th class municipality in Nueva Ecija, is expected to create over 5,000 jobs during construction and over 500 jobs once operational, the company said. </p><p>&quot;The company is investing in training locals in solar panel installation, given the expected scale of projects in this area over the coming years,&quot; the statement said. </p><p>SPNEC said the Department of Energy envisions to source 35 percent of the country&#x27;s energy from renewable sources by 2030, which means there is a need to build over 20,000 MW of solar power. </p><p>As of December 2020, the country has a total operating solar capacity of 1,021 MW.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/24/21/solar-philippines-sets-final-ipo-offer-price">Solar Philippines sets final IPO offer price at P1 per share</a></li>	<li><a href="https://news.abs-cbn.com/business/12/17/21/spnec-lists-on-philippine-stock-exchange">Solar Philippines Nueva Ecija Corp debuts on Philippine Stock Exchange</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1832625" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

 Solar Philippines Nueva Ecija Corp (SPNEC) has started the construction of the first phase of what could be the largest solar project in Southeast Asia.

Newly listed Solar Philippines begins construction of Nueva Ecija plant | ABS-CBN

Halalan 2025

Entertainment

News

Metro.Style

Lifestyle

Sports

More

Traffic

Horoscope

Business

Newly listed Solar Philippines begins construction of Nueva Ecija plant

Newly listed Solar Philippines begins construction of Nueva Ecija plant

ABS-CBN News

Published Dec 27, 2021 02:59 PM PHT

Read More:

SPNEC

Solar Philippines

Solar Philippines Nueva Ecija Corp

solar power

solar plant

renewable energy

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.