SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 6, 2022

2. SEC Identification Number

CS201627300

3. BIR Tax Identification No.

009468103

4. Exact name of issuer as specified in its charter

Solar Philippines Nueva Ecija Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

20th Floor Philamlife Tower, 8767 Paseo de Roxas, Makati City, Philippines Postal Code 1226

8. Issuer's telephone number, including area code

(+632) 8817-2585

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	8,124,350,005

11. Indicate the item numbers reported herein

Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Solar Philippines Nueva Ecija CorporationSPNEC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Solar Philippines wins RE supply deal for Nueva Ecija solar farm
Background/Description of the Disclosure
Solar Philippines Nueva Ecija Corporation (SPNEC) has signed a Renewable Power Supply Agreement (PSA) with Angeles Electric Corporation (AEC), the third largest distribution utility in Luzon. This marks SPNEC’s first step towards supplying renewable energy to its home region of Central Luzon. Based on the terms published on the Department of Energy (DOE) website, SPNEC would supply AEC approximately 97.8 MWh per day from 6am to 6pm for 10 years. This would provide SPNEC a base of contracted revenues, while being able to sell the rest of its energy to the spot market or other off-takers. AEC awarded the PSA as the result of a Competitive Selection Process (CSP), with SPNEC emerging as the most competitive among five bidders. This comes as several more CSP’s are being planned in support of the DOE’s Renewable Portfolio Standard program. “We wish to thank Angeles Electric for conducting a very professional CSP that will benefit the consumers of Angeles City. We are grateful for this opportunity to work with Angeles Electric, which is a pioneer of the solar industry of the Philippines,” Solar Philippines founder Leandro Leviste said. “The contracting of the first phase of our solar farm shows that renewable energy in the Philippines is a supply-constrained market. This reinforces our drive to expand SPNEC’s capacity, to meet the great demand for renewable energy in the Philippines,” Leviste added. SPNEC is currently finalizing plans for an asset-for-share swap with its parent, Solar Philippines, which may enable SPNEC to acquire over 20 solar project companies, including over 10 GW of projects in development according to DOE figures. These aim to support the DOE’s target to source 35% of the country’s energy from renewables by 2030, which would translate to demand for over 20 GW of solar.
Other Relevant Information
Please see attached Press Release. Disclaimer: This press release contains certain forward-looking statements, which involve risks, uncertainties, and assumptions. The actual results of the company could differ materially from those anticipated in these forward-looking statements.