Citicore Renewable Energy Corp. (CREC) has energized the Philippines’ first solar baseload facility, a step toward increasing the share of renewable energy in the country 's power grid. The 197-megawatt peak (MWp) Citicore Solar (CS) Batangas 1 and its accompanying 320-megawatt-hour (MWh)...
Renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) announced that it has secured a loan from Security Bank Capital Investment Corp. for its solar project in Pangasinan. In a disclosure to the Philippine Stock Exchange on Thursday, Aug. 7, CREC said it signed a project finance...
Renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) has earmarked an even higher capital expenditures (capex) allocation for this year to support the goal to achieve its capacity-building projects for 2025. During the company ’s annual stockholders ’ meeting (ASM) on...
Citicore Energy REIT Corp. (CREIT) reported strong net income growth for last year, fueled by its strategic expansion efforts. In a disclosure to the Philippine Stock Exchange on Tuesday, April 2, the country's first renewable energy real estate investment trust (REIT) said its profit reached P1.4...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) vehicle of the Citicore group, has posted 454 percent increase in net income to P1.25 billion in 2022 from P226 million in the previous year. According to CREIT President and CEO Oliver Tan, the upturn in profitability of...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) business unit of the Citicore group, reported accelerated growth in income in the past nine months to P906.5 million, more than eight times its last year’s earnings of P118.59 million. In the third quarter alone, the...
Citicore Energy REIT Corporation (CREIT), the listed real estate investment trust (REIT) affiliate of Citicore Renewable Energy Corporation (CREC), has logged significant upturn in net income in the first quarter this year to P300 million from a leaner P24 million in the same period last year. The...
Citicore Energy Solutions Inc. (CESI), the power retailing business arm of Filipino firm Citicore Renewable Energy Corporation (CREC), has renewed five of its power supply agreements (PSAs) that are falling due this year. The renewed power supply deals that are under the ambit of Retail Competition...
The power supply for Luzon grid during the summer months will be reinforced as the joint venture of Ayala-led ACEN Corporation and Citicore Renewable Energy Corporation already started injecting the capacity of their 72-megawatt Arayat-Mexico solar farm venture in Pampanga province. The project...
Citicore Energy REIT Corp. (CREIT), a pioneering energy firm in real estate investment trust listing, is advancing on its portfolio shoring up with the infusion of Bulacan and South Cotabato properties into its fold. The company indicated that the proceeds it fetched from its recent initial public...
Barely two weeks after its initial public offering (IPO), Citicore Energy REIT Corporation (CREIT) has declared cash dividend of P0.035 per share; and it is expecting that to increase to P0.18 per share for year 2022. The initially declared cash dividend represents 102-percent of the estimated P229...
Citicore sets P70-B capital outlay By MYRNA M. VELASCO Citicore Renewable Energy Corporation (CREC) will be injecting capital outlay of P70 billion for the 1,500-megawatt renewable energy (RE) capacity buildup that it will be implementing over the next five years. In a briefing with the media, CREC...
