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SPNEC seeks DoE reconsideration of Sta. Rosa solar project termination
Business World Philippines
|January 15, 2026
SP NEW ENERGY CORP. (SPNEC) said it is asking the Department of Energy (DoE) to reconsider the termination of its service contract for a solar power project in Sta.
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Rosa, Nueva Ecija, which experienced delays due to unforeseen circumstances."The company is in discussions with the Department of Energy regarding said force majeure claim and intends to request for the reconsideration of the termination," SPNEC said in a statement to the local bourse on Wednesday.
The company received a notice of termination for the Sta. Rosa service contract, which it had previously flagged as subject to a force majeure claim.
SPNEC won the contract to develop the 280-megawatt (MW) project during the first green energy auction in 2022.
GEA-1 projects are targeted for completion by 2025.
Dit verhaal komt uit de January 15, 2026-editie van Business World Philippines.
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