SP New Energy Corporation (PSE:SPNEC) acquired unknown stake in Terra Solar Philippines, Inc. from Prime Infrastructure Capital, Inc. for PHP 6 billion on December 11, 2023. Together with shares in Terra Solar acquired from SP New Energy's parent company Solar Philippines Power Project Holdings Inc. (SPPPHI), SP New Energy is now the owner of 100 percent of Terra Solar following the transaction. Board of Directors of SP New Energy approved the transaction on December 11 2023.

SP New Energy Corporation (PSE:SPNEC) completed the acquisition of unknown stake in Terra Solar Philippines, Inc. from Prime Infrastructure Capital, Inc. on December 11, 2023.