Skip to content
  • About Us
  • Contact Us
  • RSS
Facebook Twitter Instagram
#image_title
BILYONARYO.COM
Search
  • Home
  • Business
  • Money and Trade
  • Social
  • Brand News
  • Video
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Menu
  • Home
  • Business
  • Money and Trade
  • Social
  • Brand News
  • Video
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Popular Tags Today:
↑ Bongbong Marcos, Burst your Babble, Department of Agriculture, Frabelle, Franco Tiu Laurel Jr | Arsenio Balisacan, Benjamin Diokno, Alfredo Pascual, Burst your Babble, Marcos administration, Martin Romualdez, value-added tax | Bureau of Internal Revenue (BIR), tax, garnishment | Bingo Plus, Lotto, Digiplus ,Pacific Online, Philippine Stock Exchange | House of Investments (HI), Okada Manila, A. Soriano Corp. | --- | RLC RESIDENCES YOUR BEST LIFE IS YET TO COME
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS

Bilyonaryo - Business

You complete me: Leviste picks MVP over Total, Kepco, Mitsubishi as ‘big brother’ to fulfill SPNEC’s vision to be a solar powerhouse

  • March 29, 2023
  • Bilyonaryo.com
#image_title

Millennial bilyonaryo Lean Leviste was reportedly in talks with some of the world’s biggest players in renewable energy (RE) before he chose Metro Pacific Investments (MPI) led by Manny V. Pangilinan as his partner in SP New Energy Corp. (SPNEC).

ALSO READ: MVP Group bets big on renewable energy with 16% purchase of SPNEC

A Babbler said the signing between Leviste and Pangilinan for MPI’s P2 billion investment in SPNEC came after the Yale dropout had negotiated for the past several years not only with some of the world’s biggest fund managers but some of the big boys in power, specifically Total of France, Mitsubishi of Japan, and Korea Electric Power Co. (Kepco).

“Leviste was looking for more than a financial investor but a strategic partner operator to help build solar projects. Leviste had discussions with Kepco and Mitsubishi who are already partners with SPNEC in solar farms. But the most eager is Total, one of the world’s biggest investors in renewable energy, which is aggressively trying to get into the Philippines,” Babbler said.

Babbler said Leviste was aware of the pitfalls of getting a financial partner, which could abandon the company after seeing its convertible shares grow in value, because his game plan required somebody for the long haul.

Babbler said Leviste saw MPI as the “perfect fit” not only because of its diverse infrastructure holdings, specifically in power distribution (Manila Electric Co.) and generation (San Buenaventura Power, Cebu Energy, Panay Energy. Toledo Power, Panay Power, GBH Power, and Sarangani Energy).

With MPI, Leviste would get Pangilinan as chairman to add more gravity to SPNEC to pull in the big banks and big name investors to fulfill his grand plan

“He (Pangilinan) is not just an angel investor but a big brother to Leviste at a critical point in his road to building the biggest solar power firm not only in the Philippines, but in Asia. He ties everything up for Lean,” a Babbler said.

SPNEC can now sit with more confidence on the table with its other big-name partners Prime Power of ultra bilyonaryo Ricky Razon, ACEN of the Ayala family, Aboitiz Power and Korea Electric Power Corp. (KEPCO).

“SPNEC can potentially build at least two mammoth solar projects with his gilt-edged backers,” Babbler said.

The deal is also a big win for MPI as its investment in SPNEC will give a boost to its RE expansion which could start delivering power in two to three years. Meralco was the first to give SPNEC large contracts seven years ago.

Babbler said Leviste’s longstanding ties with Pangilinan also made it easier for him to pick MPI. Leviste’s first and only job was as an intern in Meralco in 2013, or a year before he put up SPNEC’s parent, Solar Philippines.

  • Related News Tags: Leandro Leviste, Manny V. Pangilinan, Metro Pacific Investments (MPI), Solar Philippines Nueva Ecija Corp.(SPNEC)

Follow Bilyonaryo BUSINESS on Google News

PrevPreviousNeed for speed: RSA to build race track in Bulacan aerocity – report
NextLack of probable cause, insufficient evidence lead to dismissal of P89M tax evasion case vs Joseph Calata, Agri PhilNext

You may also like

Watch more Usapang Bilyonaryo

World Bank downdgrades Philippines’ 2023 GDP growth forecast to 5.6% amid economic headwinds

Mariana Zobel de Ayala explains BPI’s ‘phy-gital’ strategy for success

AI coming for banking jobs? Mariana Zobel de Ayala allays fears of layoffs in BPI

Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

Bingo Plus, Lotto, and the ‘ampaw’ king: Digiplus and Pacific Online go head-to-head for hottest stock of 2023, while Antonio Tiu’s stocks are worst stinkers

World Bank downdgrades Philippines’ 2023 GDP growth forecast to 5.6% amid economic headwinds

Mariana Zobel de Ayala explains BPI’s ‘phy-gital’ strategy for success

AI coming for banking jobs? Mariana Zobel de Ayala allays fears of layoffs in BPI

Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

Bingo Plus, Lotto, and the ‘ampaw’ king: Digiplus and Pacific Online go head-to-head for hottest stock of 2023, while Antonio Tiu’s stocks are worst stinkers

Redefining tax enforcement: BIR goes digital with warrants of garnishment

Who got richer? Villar, Big Boy, Beth Sy see modest upticks as EKR, Andrew Tan slip in September

Okada, Yuchengco and Soriano firms penalized by PSE for securities rule violations

Tony Tan Caktiong adds Michigan to Jollibee’s global roster

Read more Business stories

Recommended from sister websites

→ Abogado
Honored! Mike Toledo speaks at CREBA’s 50th anniversary convention
→ Abogado
Bookworm milestone! Kris Ablan shares 2023 book list, new read
→ Politiko
Marcos Tells Teachers: ‘We Continue To Work Harder To Improve Your Lives’
→ Politiko
Customs Issues Warrants Of Seizure, Detention Vs. 236K Sacks Of Rice
→ Bankero
World Bank greenlights $600 Million loan to propel Philippines’ digital transformation
Power

California’s green drive leaves its oil towns behind

Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century.

Money

No long lines! EastWest Bank’s virtual job hunt set on Oct 10

EastWest Bank is on the hunt for fresh talent to run its branches nationwide.

Business

Mariana Zobel de Ayala explains BPI’s ‘phy-gital’ strategy for success

Mariana Zobel de Ayala believes banks will thrive by embracing the best of both technology and human innovation.

Property

US government shutdown to close iconic national parks

US national parks, from the iconic Yosemite and Yellowstone in the west to Florida’s Everglades swamp, will close to the public from Sunday in the increasingly likely event of a federal government shutdown.

Latest on Bilyonaryo

Banks boost MSME lending, but compliance lags behind mandates

Read More »

World Bank downdgrades Philippines’ 2023 GDP growth forecast to 5.6% amid economic headwinds

Read More »

Mariana Zobel de Ayala explains BPI’s ‘phy-gital’ strategy for success

Read More »

AI coming for banking jobs? Mariana Zobel de Ayala allays fears of layoffs in BPI

Read More »

No long lines! EastWest Bank’s virtual job hunt set on Oct 10

Read More »

Nicole Coson’s artistry shines at Split Gallery in London

Read More »
Back to Bilyonaryo.com homepage

Exclusive!

Hans Sy: Ultimate green warrior

September 27, 2023

Hans Sy, the 4th of the Sy-blings, as Bilyonaryo calls them, sat down with me to explain his green initiatives in the SM Group, a chat that turned into an interesting look into how he became a sustainability champion, the lessons he learnt from his father, Henry Sy Sr., and legacy-building.

Read More »

Advertisement

Bilyonaryo Premium Ad 1
Bilyonaryo Premium Ad 2
Bilyonaryo Premium Ad 3
Bilyonaryo Premium Ad 4
Bilyonaryo Premium Ad 5

Trending on
Business

GOLD
Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

Bingo Plus, Lotto, and the ‘ampaw’ king: Digiplus and Pacific Online go head-to-head for hottest stock of 2023, while Antonio Tiu’s stocks are worst stinkers

AI coming for banking jobs? Mariana Zobel de Ayala allays fears of layoffs in BPI

PLATINUM
Losses are not small, they are substantial, serious, real: Dennis Uy plans layoffs to stop the bleeding in Phoenix Petroleum

Ang dali bumili ng lupa, bakit sa Manila Bay pa! Businessman offered make Manny Villar a partner so wife Cynthia will stop opposing reclamation

BIR issues guidelines on tax amnesty extension until 2025

TITANIUM
Magagalit daw kasi Ginebra fans: RSA thinks San Miguel’s P1 billion PBA budget will feed and put to school a lot of Filipinos

Utang pa more! Dennis Uy secures massive $3.9 billion financing deal to reduce debt and fuel telco expansion

Power behind the race: Bongbong Marcos’s Ferrari F1 garage adventure is said to be courtesy of longtime friend, Malaysian billionaire Ong Beng Seng

Read more Business stories

Trending on
Bilyonaryo

Business News

Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

Social Fancy News

Matching elegance: Daniel Miranda and Sofia Andres’ red carpet style

Money & Trade News

No long lines! EastWest Bank’s virtual job hunt set on Oct 10

Technology News

Smart subscriber perk: Watch UAAP games free on app

Power News

Philippines seeks Middle Eastern partners for energy ventures in Bangsamoro

Property News

New York flooded by heavy rains, subway partly paralyzed

Lifestyle News

NSYNC reunites for first song in more than two decades

Food & Nature News

Italy court condemns Uber Eats over 4,000 layoffs

Health News

Brain implants could restore paralyzed patients’ arm movements

Travel News

Enhanced UAE-Philippines air service agreement: More flights, cargo, and connectivity

Golf News

Koepka accuses Europe hero Rahm of ‘acting like a child’

Back to Bilyonaryo home page

Trending on
Bilyonaryo

Business News

• Hugas kamay na, nanlalaglag pa! Diokno and do-nothing economic team getting on foreign investors’ nerves

• Bingo Plus, Lotto, and the ‘ampaw’ king: Digiplus and Pacific Online go head-to-head for hottest stock of 2023, while Antonio Tiu’s stocks are worst stinkers

Social Fancy News

• Matching elegance: Daniel Miranda and Sofia Andres’ red carpet style

• Discovering Manila’s dining treasures with Charles and Sari Tiu

Money News

• No long lines! EastWest Bank’s virtual job hunt set on Oct 10

• Philippine financial asset growth outpaces global trends in 2022, says Allianz

Technology News

• Smart subscriber perk: Watch UAAP games free on app

• How a 20-cent fee upended the gaming world

Power News

• Philippines seeks Middle Eastern partners for energy ventures in Bangsamoro

• Toward greener energy: Government unveils hydrogen roadmap

Property News

• New York flooded by heavy rains, subway partly paralyzed

• US government shutdown to close iconic national parks

Lifestyle News

• NSYNC reunites for first song in more than two decades

•

Food & Nature News

• Italy court condemns Uber Eats over 4,000 layoffs

•

Health News

• Brain implants could restore paralyzed patients’ arm movements

•

Travel News

• Enhanced UAE-Philippines air service agreement: More flights, cargo, and connectivity

•

Golf News

• Koepka accuses Europe hero Rahm of ‘acting like a child’

• Rookie Ryu tops crowded leaderboard at LPGA NW Arkansas Championship

Back to Bilyonaryo home page

Copyright © 2022. Bilyonaryo. All Rights Reserved.
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Brand News
  • Social
  • Video
  • Money and Trade
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS