MANILA, Philippines — SP New Energy Corp. (SPNEC), which is now under the power business of billionaire Manuel V. Pangilinan, clarified that it was a separate entity from Solar Philippines tied to a P24-billion penalty over terminated contracts. In a disclosure Wednesday, the company said that it was “not the Solar Philippines mentioned in the news articles.” But SPNEC noted that the Leandro Leviste-led Solar Philippines Power Project Holdings Inc. is a stockholder of the firm. READ: Leviste’s solar energy firm slapped with P24-B fine Although its Sta. Rosa power project received a termination notice from the Department of Energy (DOE), […]... Keep on reading: SPNEC distances itself from Leviste’s power firm anew