The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Citicore Renewable Energy Corporation's (CREC) primary and secondary shares for as much as P12.94 billion. In its Jan. 16 meeting, the Commission En Banc resolved to render effective the...
Citicore Renewable Energy Corporation is planning to sell up to P12.94 billion of its shares through a planned initial public offering (IPO) in March next year to fund its capital expenditures and pipeline development. In its preliminary prospectus filed with the Securities and Exchange Commission...
DUBAI, UAE -- The transformative impact of two solar farm projects of Filipino-led Citicore Renewable Energy Corporation (CREC) had clinched global spotlight as it was catapulted to be among the world’s first bestowed with FAST-Infra Sustainability Infrastructure (FISI) Label, which has been...
Filipino-led firm Citicore Renewable Energy Corp. (CREC) has secured $100 million financing that will greatly help in advancing the commercial development of roughly 500-megawatt of its blueprinted solar projects. The mezzanine construction green loan facility, according to Citicore, was structured...
Due to higher revenues it fetched from lease contracts, Citicore Energy REIT Corp. (CREIT) has increased its declared dividends to P0.049 per share for the second quarter this year, up 11.4-percent from P0.044 in the same period last year. The company reported that its revenues climbed 21-percent...
Citicore Renewable Energy Corporation (CREC) will put up a 10-megawatt solar farm project that will be embedded into the load network of Pampanga I Electric Cooperative (PELCO I). The RE company announced in a press statement that a memorandum of agreement (MOA) on this venture has already been...
From left: SM Prime Energy Consultant, Jaime Patinio; SM Prime Chief Finance Officer, John Nai Peng Ong; SM Prime President, Jeffrey Lim; CREC Chairman, Edgar Saavedra; CREC President & CEO, Oliver Tan; and CREC Sr. Manager Sales & Energy Trading, Jerard Garcia. SM Prime Holdings, Inc. (SM...
Thriving green energy developer Citicore Renewable Energy Company (CREC) will be supplying 90 megawatts of solar-generated electricity to the properties of Sy-led SM Prime Holdings. In a statement to the media, CREC indicated that a memorandum of agreement (MOA) for the supply arrangement was inked...
Filipino firm Citicore Renewable Energy Corporation (CREC) emerged as one of the "big winners" in the recently concluded second Green Energy Auction (GEA-2) of the government, cornering 916.58 megawatts that will firmly cement its foothold as one of the emerging major players in the renewable energy...
Filipino-led Citicore Energy REIT Corp. (CREIT), which is the first renewable energy company in the country to undergo real estate investment trust (REIT) listing , posted marginal income growth of just 2.0-percent in the first quarter this year to P304.96 million from P300.30 million last year. On...
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. has listed at the Philippine Dealing and Exchange Corp. (PDEx) its maiden ASEAN Green Bond offering which raised P4.5 billion for its expansion program. In a disclosure to the Philippine Stock Exchange, the firms aid the offer was oversubscribed, with the P1.5 billion...
