Citicore Renewable Energy Corporation (CREC) announced it will launch nine solar projects in Batangas, Pampanga, Pangasinan, and Quezon Province this year, aiming to achieve one gigawatt (GW) of capacity annually. CREC President and CEO Oliver Tan shared in a briefing that the first of these...
Citicore Renewable Energy Corporation (CREC), a leading renewable energy (RE) developer in the Philippines, announced that PT Pertamina Power Indonesia (Pertamina NRE), an Indonesian-based energy firm, has made its first investment in the country. In a disclosure to the Philippine Stock Exchange...
Renewable Energy (RE) firm NexGen Energy Corporation has raised its stake in its solar subsidiary, Solar Powered Agri-rural Communities Corp. (SPARC), which would help raise funding for expansion plans within its solar projects. In a statement on Tuesday, Jan. 7, NexGen said it had increased its...
Citicore Renewable Energy Corporation (CREC) and global photovoltaic (PV) inverter and energy storage system provider Sungrow Power Supply Co., Ltd. have inked a deal for Battery Energy Storage Systems (BESS) to power CREC’s solar projects. In a disclosure to the Philippine Stock Exchange on...
Terra Solar Philippines, a subsidiary of SP New Energy Corp. (SPNEC), has commenced construction on the world's largest solar and battery power facility in the Philippines, following a successful contract with a Chinese energy firm. The groundbreaking ceremony, held on Thursday, Nov. 21, marked the...
Citicore Energy REIT Corporation (CREIT), the country’s only renewable energy real estate investment trust, posted a two percent improvement in net income, reaching P1.04 billion in the first nine months of 2024, up from P1.02 billion in the same period last year. In a disclosure to the...
Renewable energy developer Citicore Renewable Energy Corporation (CREC) has signed a two-gigawatt (GW) solar module supply contract with leading smart PV and energy storage solutions provider Trinasolar Co., Ltd. The agreement, disclosed to the Philippine Stock Exchange on Tuesday, Nov.12, will see...
To help areas struck by the Severe Tropical Storm “Kristine”, Lopez-led FP Island Energy Corporation has provided uninterrupted power supply through its microgrid system in Camarines Sur. In a statement, the firm said around 600 residents in a remote island barangay in the town of Caramoan have...
PetroGreen Energy Corp. (PGEC), the energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), announced that its 27-megawatt (MWp) Dagohoy Solar Power Project has been linked to Bohol’s grid. In a disclosure to the Philippine Stock Exchange on Monday, Oct. 28, PetroGreen stated that the...
Solar developers are literally and figuratively hungry – hungry for land and hungry for vault-breaking investment deals. The best part? They do these things with a smirk: hey, “we’re saving the planet!” Perhaps if there’s a conversation among cows and goats which used to be happily...
Ayala-led Globe Telecom Inc. is looking to transition 20 of its facilities to using renewable energy (RE) over the next five years as part of its commitment to attain a zero carbon footprint by 2050. In a statement on Monday, Oct. 21, Globe said it tapped the retail electricity supply (RES) unit of...
Citicore Renewable Energy Corp. (CREC) has partnered with Levanta Renewables to develop an onshore wind portfolio in the country. Through its subsidiary, Citicore Wind Energy Corp. (CWEC), CREC said it will collaborate with Levanta on four onshore wind projects in Luzon and Visayas. CREC said...
