Leandro Leviste

In this Filipino name, the middle name or maternal family name is Legarda and the surname or paternal family name is Leviste.
Leandro Leviste
Official portrait, 2025
Member of the Philippine House of Representatives from Batangas' 1st district
Incumbent
Assumed office
June 30, 2025
Preceded byEric Buhain
Personal details
BornLeandro Antonio Legarda Leviste
(1993-03-18) March 18, 1993
Makati, Philippines
PartyLakas–CMD (2025–present)
Other political
affiliations
Independent (2024–2025)
RelationsToni Leviste (half-sister)
Antonio Legarda Jr. (uncle)
Mark Leviste (cousin)
Parent(s)Antonio Leviste
Loren Legarda
Yale University (dropped out)
OccupationPolitician
ProfessionBusinessman

Leandro Antonio Legarda Leviste (born March 18, 1993) is a Filipino businessman and politician, currently serving as the representative of Batangas's 1st congressional district since 2025. He is the son of former Batangas Governor Antonio Leviste and Senator Loren Legarda.

He is the founder[1] of Solar Philippines and was dubbed a "self-made billionaire";[2] however, his career has been marked by significant regulatory failures and legal scrutiny.[3] In early 2026, the Department of Energy imposed a final ₱24-billion penalty against his firm for non-compliance across 28 "ghost contracts"[4] which renewable energy projects that failed to reach even the ground-breaking stage.[5]

Early life and education

Leviste was born on March 18, 1993, to former Batangas Governor Antonio Leviste and broadcaster Loren Legarda, who would later serve as a Philippine senator.[6][7]

Leviste became interested in building a solar power business in the Philippines in 2013. He was interning at Meralco during a summer break from Yale University, where he was studying political science. Leviste was inspired by Elon Musk’s companies, Tesla, Inc. and SolarCity, which led him to feel there was a business opportunity at home to supply solar power more cheaply than what Filipinos were paying for electricity generated from fossil fuels.[8]

He later dropped out from Yale, during his second year and returned to Manila to pursue business ventures. In 2015, he established Solar Philippines Commercial Projects Holdings, Inc. (SPCC). The initial capital for his solar initiatives was secured using family-owned agricultural land as per his father's lead in Batangas as collateral for bank loans. To finance the construction of a 106-hectare solar farm, SPCC pledged its total common shares to a consortium of three banks. The project involved the installation of approximately 200,000 photovoltaic (PV) panels, marking his transition from an educational background in the United States to large-scale infrastructure development in the Philippines. [8]

Business career

In 2013, Leviste founded Solar Philippines.[9] The company completed the Calatagan Solar Farm in 2016 and began operating its Tarlac solar farm in 2019. In 2021, Solar Philippines subsidiary SP New Energy Corporation (SPNEC) became the first-ever solar company to perform an initial public offering in the Philippines. As a result, Leviste became the youngest Chairman and CEO of a company on the Philippine Stock Exchange.[10] In 2024, the Manila Bulletin named him the youngest self-made billionaire in the Philippines.[11]

Meralco invested ₱15.90 billion in primary shares of SPNEC for the construction of SPNEC’s 3500 MW Meralco Terra Solar Farm in Nueva Ecija, the world’s single largest solar-battery project. In 2024, SPNEC, under Meralco’s leadership, was able to raise the funding from banks and foreign investors for the ₱200 billion project, including the largest foreign investment for an infrastructure project in Philippine history.[10]

Between 2023 and 2025, Leviste sold 14.60 billion shares of SPNEC to Meralco from Leviste for ₱18.26 billion and 1.84 billion shares of SPNEC to public shareholders for ₱2.23 billion. In total, Leviste has sold 16.44 billion shares for ₱20.49 billion. After these transactions, Leviste still owns 8.16 billion shares of SPNEC.[10]

Leviste has invested in media by buying a 10% in media giant ABS-CBN Corporation, making him its largest shareholder after its parent company Lopez Holdings Corporation[12] Through Countryside Investments Holdings Corporation, Leviste has also announced plans to invest ₱5 billion in Roxas Holdings, Inc., the parent company of Central Azucarera Don Pedro, Inc.[13][6]

House of Representatives (since 2025)

Election

Main article: 2025 Philippine House of Representatives elections

In the 2025 election, Leviste ran for representative in Batangas's first district, based in the Western portion of the province. Challenging incumbent representative Eric Buhain.[14]

Leviste garned 74.58% of the votes. His raw vote total of 268,764 is the highest received by any candidate in a congressional race in the history of Batangas.[14]

Early tenure

On the first day of his term on June 30, 2025, Leviste filed House Bill No. 27 to provide a monthly allowance of ₱1,000 to every Filipino student, from kindergarten to college, regardless of their socioeconomic status.[15]

In February 2026, Leviste entered negotiations to sell his remaining 16.3% stake in SP New Energy Corp. (SPNEC) to foreign investors, including the Japanese conglomerate Mitsui & Co., to prevent conflict of interest as a public official.[16][17]

Flood control projects scandal

On August 26, 2025, Leviste filed bribery and corruption cases against suspended Department of Public Works and Highways (DPWH) Batangas first district Engineer Abelardo Calalo before the Office of the Batangas Provincial Prosecutor, alleging that Calalo attempted to bribe him ₱3.1 million to stop a House probe into alleged corruption involving DPWH’s flood control and infrastructure projects in the district.[18][19] He also urged Calalo to serve as a state witness in such an investigation.[20]

After this, the Batangas 1st district representative demanded that the Department of Public Works and Highways (DPWH) investigate the flood control projects in his district.[21] This is following the initiative of current President Ferdinand Marcos Jr. to launch an investigation about the possible corruption and anomalies after the past administration's spending on disaster risk and management has failed and caused a lot of damages after typhoons.[22]

Related to the bicameral committee's probe of the anomalies of said flood control projects during the Duterte administration, Leviste stepped with his loaded accusations about local district engineers. This all after major players in the investigation like President Bongbong Marcos, Senator Panfilo Lacson, Pasig City Mayor Vico Sotto have laid out their evidences of graft and corruption in government projects.[23]

Controversies and Regulatory Penalties

In 2022, the Philippine government concluded its first Green Energy Auction Program (GEAP), describing it as a milestone in the country’s climate and energy policy.[24] Under the programme, developers competed to offer the lowest bid prices for the construction of renewable energy projects, including solar and wind facilities, with the government guaranteeing offtake for the awarded capacity.

The initial auction was fully subscribed, with all 2 gigawatts (GW) of the government‑allocated capacity awarded. The contracted projects were scheduled for completion by 2025.[5][25] Following reports on project non-compliance, Leviste’s SPPHI is required to settle financial obligations amounting to approximately ₱24 billion, consisting of performance bonds and other related liabilities.[26]

Of this amount, about ₱14 billion corresponds to performance bonds mandated under the Green Energy Auction Program (GEAP).[27] The Department of Energy reported that 33 contracts awarded to SPPHI, representing an estimated total capacity of about 11,427.83 megawatts (MW), were cancelled on the grounds of non‑delivery.[28]

In January 2026, Ombudsman Boying Remulla confirmed that an investigation was underway regarding the alleged unauthorized transfer of a congressional franchise held by firms associated with Leandro Leviste.[29] The inquiry centers on whether Leviste’s sale of controlling interests in his solar ventures; specifically to the group of Manuel V. Pangilinan (MGen/Meralco)—violated the terms of Republic Act No. 11357, which granted a 25-year franchise to Solar Para sa Bayan Corp. (SPBC).[30]

During a public broadcast on January 10, 2026, Remulla characterized the transaction as "franchise flipping," asserting that legislative franchises are state-granted privileges intended for public service rather than commercial trade. The Ombudsman emphasized that under Philippine law, the transfer of a national franchise requires prior approval from Congress, which Remulla alleged was not obtained. In response, Leviste stated that SPBC had been inactive for several years and that its franchise was "ipso facto revoked" in 2022 due to non-operation, arguing that he currently holds no active congressional franchise.[31]

Representative Zia Alonto Adiong criticized Leandro Leviste’s business practices, comparing his non-performing solar initiatives to "ghost projects."[4] Adiong argued that Leviste’s sale of his company after being granted a 25-year congressional franchise while failing to fulfill the power production promises associated with that franchise constituted a "reneging" of his obligations to the state. Adiong emphasized that a congressional franchise is a state-granted privilege that should not be sold to escape responsibility for project delivery.[32]

The Department of Energy (DOE) subsequently imposed a ₱24-billion penalty on Leviste’s firm, Solar Philippines Power Project Holdings Inc. (SPPPHI).[3] This fine was issued due to the company’s failure to meet its commitments under more than 30 government service contracts. According to Energy Secretary Sharon Garin, Leviste’s firm accounted for approximately 64% of all terminated renewable energy contracts in the Philippines for the 2024–2025 period, representing over 11,400 megawatts of undelivered power.[33]

In May 2026, Garin elevated the DOE's complaint against Leviste and several SPBC directors to the Department of Justice (DOJ), alleging that they failed to comply with the terms of the legislative franchise granted to them to provide renewable energy sources for the Philippines. Citing violations of the Public Service Act, Garin filed the complaint before the DOJ on May 6.[34][35]

Electoral history

Electoral history of Leandro Leviste
Year Office Party Votes received Result
Total % P. Swing
2025 Representative (Batangas–1st) Independent 268,764 74.58% 1st N/a Won

References

  1. ^ "About Us". www.solarphilippines.ph. Retrieved April 8, 2026.
  2. ^ Gaborne, King Kenneth (January 29, 2026). "Atienza: Leviste no biz whiz, just 'nepo baby'". Retrieved April 8, 2026.
  3. ^ a b Gozum, Iya (January 13, 2026). "Leviste's solar firm fined P24 billion over stalled contracts". RAPPLER. Retrieved April 8, 2026.
  4. ^ a b Porcalla, Delon. "Lawmaker slams Leviste for 'ghost' solar projects". Philstar.com. Retrieved April 8, 2026.
  5. ^ a b Lopez, Elyssa (March 28, 2026). "Killing 'zombie' projects: Philippines bets big on offshore wind". The Business Times. Retrieved April 8, 2026.
  6. ^ a b Rivas, Ralf (May 21, 2024). "The rising son". Rappler.
  7. ^ "Leandro Antonio Legarda Leviste". Rappler. August 25, 2025. Retrieved September 7, 2025.
  8. ^ a b "Young Philippine Executive Aims to Sharply Raise Solar Power Use". Forbes.
  9. ^ "Solar Philippines unit becomes first pure-play solar firm to debut on PSE". Philippine Daily Inquirer. December 18, 2021.
  10. ^ a b c Loyola, James A. (June 25, 2025). "Leviste sells ₱34 billion in SPNEC shares ahead of Congressional role". Manila Bulletin.
  11. ^ Quismorio, Ellson (October 8, 2024). "Legarda Leviste, Philippines' youngest self-made billionaire, eyes Batangas House seat". Manila Bulletin. Archived from the original on October 8, 2024. Retrieved September 7, 2025.
  12. ^ "Leviste raises stake in ABS-CBN to 10%". The Philippine STAR.
  13. ^ "MVP, Leviste in P5 billion bailout of Roxas firm". The Philippine STAR.
  14. ^ a b "Leandro Leviste wins in historic landslide for Batangas 1st district rep". Philippine Daily Inquirer. May 13, 2025.
  15. ^ Escosio, Jan (June 30, 2025). "Leandro Leviste's first bill: Allowance for every Filipino student". Philippine Daily Inquirer.
  16. ^ Esmael, Lisbet K. (February 27, 2026). "Leviste in talks to sell remaining SPNEC stake". INQUIRER.net. Retrieved February 28, 2026.
  17. ^ Velasco, Myrna (February 27, 2026). "Japanese giant Mitsui moves to buy out Leviste's SPNEC interest". Manila Bulletin. Retrieved February 28, 2026.
  18. ^ Argosino, Faith (August 25, 2025). "Batangas solon to sue DPWH engineer over alleged bribe try". Philippine Daily Inquirer. Retrieved August 26, 2025.
  19. ^ Cabato, Luisa (August 26, 2025). "DPWH exec in bribe try on lawmaker suspended". Philippine Daily Inquirer. Retrieved August 26, 2025.
  20. ^ Reyes, Dominique Nicole (August 26, 2025). "Leviste urges Batangas DPWH engineer to be state witness in flood control probe". The Philippine Star. Retrieved August 26, 2025.
  21. ^ Clores, Keith (August 31, 2025). "Leviste asks DPWH to probe flood control mishaps in Batangas". INQUIRER.net. Retrieved April 11, 2026.
  22. ^ Punzalan, Jamaine. "'Mahiya naman kayo': Marcos orders probe on possible corruption in flood control projects | ABS-CBN News". ABS-CBN. Archived from the original on September 11, 2025. Retrieved April 11, 2026.
  23. ^ Dizon, David (September 11, 2025). "A timeline of the Philippine flood control scandal". ABS-CBN News. Retrieved April 12, 2026.{{cite web}}: CS1 maint: url-status (link)
  24. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved April 8, 2026.
  25. ^ Galang, Gabriell Christel (January 13, 2026). "Leviste's solar firm faces ₱24-billion fine over project delays". Manila Bulletin. Retrieved April 8, 2026.
  26. ^ Esmael, Lisbet K. "Leviste's solar energy firm slapped with P24-B fine". INQUIRER.net. Retrieved April 8, 2026.
  27. ^ "DOE Fines Leviste's Solar Firm ₱24 Billion for Undelivered Power Projects - Energy Central PH". January 19, 2026. Retrieved April 8, 2026.
  28. ^ "How Marcos-Duterte feud, political patronage derail Philippine solar energy push". Khaleej Times. Retrieved April 8, 2026.
  29. ^ gdecastro0289 (January 11, 2026). "Ombudsman Remulla says Leviste being probed for 'selling' solar franchise to Pangilinan". RAPPLER. Retrieved April 11, 2026.{{cite web}}: CS1 maint: numeric names: authors list (link)
  30. ^ Porcalla, Delon. "Leviste's Solar Para sa Bayan now defunct". Philstar.com. Retrieved April 11, 2026.
  31. ^ Buan, Lian (January 21, 2026). "Leviste solar companies passed around DOE deals as franchisee incurred losses". RAPPLER. Retrieved April 11, 2026.
  32. ^ Lalu, Gabriel Pabico (January 21, 2026). "Leviste fights 'ghost project' tag: Ghost is gov't paying sans results". INQUIRER.net. Retrieved April 8, 2026.
  33. ^ CEDTyClea (January 13, 2026). "Solar Philippines faces P24-B penalties over terminated RE contracts - BusinessWorld Online". BusinessWorld Online. Archived from the original on February 8, 2026. Retrieved April 8, 2026.
  34. ^ Damicog, Jeffrey (May 7, 2026). "'Di tumupad sa usapan?': Leviste, 5 others face raps for alleged violation of franchise on PH solar energy". Manila Bulletin. Retrieved May 7, 2026.
  35. ^ Esmael, Lisbet K. (May 7, 2026). "DOE chief files complaint vs Leandro Leviste over idle energy franchise". Philippine Daily Inquirer. Retrieved May 7, 2026.
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