Batangas 1st District Representative Leandro Leviste has stepped down from the Boards of Directors of Terra Solar Philippines, Inc. and SP New Energy Corporation (SPNEC) following the ₱24-billion penalty imposed by the Department of Energy (DOE) on his company.
“Para hindi madamay sa mga maling political attacks sa akin ang Meralco at iba pang investors sa mga kumpanyang ibinenta ko (Terra Solar Philippines, Inc. at SP New Energy Corp.), ako po ay nagbitiw bilang board director,” Leviste announced in a Facebook post.
“Sa pag-atake sa akin, iba ang nadadamay. Sana po ay hindi na madamay ang iba,” he added.
The DOE earlier sanctioned Solar Philippine Power Project Holding Inc. (SPPPHI) for failing to deliver on its commitment to build solar power plants capable of generating more than 11,000 megawatts of electricity.
According to the DOE, the company’s failure to meet its obligations has undermined the government’s plan to lower electricity costs by ₱2 to ₱3 per kilowatt-hour by 2030.
Leviste’s resignation comes as the energy sector faces heightened scrutiny over compliance with renewable energy commitments and the broader push to reduce power costs for Filipino consumers.