Citicore Energy REIT Corp. (CREIT or the Company), the country’s first renewable energy (RE) real estate investment trust has set the coupon rate for its P4.5 billion maiden ASEAN Green Bond Offering. In a disclosure to the Philippine Stock Exchange, the firm said it has also received its Permit...
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) reported a net income of P601 million for the first six months of 2022, more than five times the P89 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues for the first half of the year...
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 Renewable Energy Corporation (CREC) is expanding the niche of customers that it has been supplying electricity to – this time in the automotive industry for a franchisee of Toyota Motors in Cebu. CREC, which is the sponsor-firm of publicly listed Citicore Energy REIT Corporation (CREIT),...
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 Renewable Energy Corporation (CREC) has sealed a new three-year power supply agreement (PSA) with Cogent Energy, the retail electricity supplier (RES) unit of Clark Electric Distribution Corporation (CEDC). CEDC, a subsidiary of Manila Electric Company (Meralco), is the power distribution...
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...
Citicore Renewable Energy Corporation (CREC) has broadened its customer-base by roughly 250 percent as it industrial and other big-ticket power users under the competitive retail market. The company said the power supply agreements (PSAs) it has been underwriting are cornered via its subsidiary...
The real estate investment trust (REIT) offering of Citicore Energy REIT Corporation (CREIT), which will debut this week at the Philippine Stock Exchange (PSE), has been oversubscribed across all tranches, including with the small local investors (LSI), trading participants and institutional...
