SP New Energy Corp. (formerly Solar Philippines Nueva Ecija Corporation) said director Leandro Antonio Leviste has resigned from the SPNEC board effective immediately, as the company moves to stabilize governance following the cancellation of contracts linked to the Batangas representative.
In a disclosure on Friday, SPNEC confirmed receiving Leviste’s resignation letter.
Separately, Terra Solar Philippines Inc. (MTerra Solar), a subsidiary of SPNEC, announced a reorganization of its board as it advances toward commissioning and initial energy injection into the national grid.
MGEN CEO succeeds Leviste
Succeeding Leviste, Meralco PowerGen Corporation (MGEN, the power generation arm of the Manila Electric Company) president and CEO Emmanuel V. Rubio was appointed to MTerra Solar’s board effective 21 January 2026.
“This transition marks a natural progression for MTerra Solar as it approaches commissioning. Strengthening board leadership at this stage ensures closer alignment between strategic oversight, system integration, and operational execution as we move toward delivering clean, reliable power to the grid,” Rubio said.
Commissioning activities accelerating
MTerra Solar said commissioning activities are accelerating as the project enters its operational phase this year.
The company recently achieved the grid cut-in of its 500-kilovolt substation along the Nagsaag–San Jose 500-kilovolt transmission line.
Phase 1 is set to begin energization this quarter, ramping up to 1,500 megawatts by August 2026.
MTerra Solar is a subsidiary of SPNEC, which has applied for a change of corporate name to MGEN Renewable Energy Holdings Inc. as part of preparations to integrate MGEN’s renewable energy assets under a single holding company structure.