SP New Energy Corporation (SPNEC) clarified that it is not liable for the PHP 24 billion in penalties cited by the Department of Energy (DOE) in connection with terminated service contracts previously held by Solar Philippines.

SPNEC said that of the roughly 12,000 megawatts worth of contracts terminated by the DOE, only one project—the 280-megawatt Sta. Rosa solar project—falls under its portfolio.

The Sta. Rosa project was offered and awarded during the first round of the Green Energy Auction Program under the project’s former management. SPNEC noted that a notice of force majeure was filed with the DOE last year, citing factors beyond the company’s control that prevented completion of the project by its original December 2025 target.

The company emphasized that the broader penalties being discussed relate to contracts that are not under SPNEC.

SPNEC also pointed to the execution track record of MGEN Renewables, which has completed multiple projects ahead of schedule under the DOE’s second Green Energy Auction (GEA-2).

These include the 19.8-MWac Bongabon Solar Project in Nueva Ecija, completed at least six months early, and the 52.8-MWac Cordon Solar Project in Isabela, delivered four months ahead of schedule.

At present, MGEN Renewables operates seven solar facilities nationwide with a combined capacity of more than 400 megawatts. It is also developing the MTerra Solar project, which is expected to reach 3,500 MWp of solar capacity integrated with 4,500 megawatt-hours of energy storage once completed.

SPNEC said these developments underscore its focus on project delivery and compliance, as it continues to pursue large-scale renewable energy projects in line with national clean energy goals.

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