Renewable energy (RE) firm Citicore Renewable Energy Corp. (CREC) is set to expand its solar presence in Pampanga and Nueva Ecija provinces after securing a loan from state-run Land Bank of the Philippines (Landbank). In a statement on Wednesday, July 15, CREC said it plans to add 82 megawatts-peak...
The Ayala Group’s Bank of the Philippine Islands (BPI) reinforced its leadership in sustainable finance, supporting some of the country’s largest and most transformative renewable energy (RE) projects through a series of landmark financing deals worth a total of ₱376 billion. Helping advance...
The Government Service Insurance System (GSIS) expanded its investment in Citicore Renewable Energy Corp. (CREC) to ₱4.5 billion, completing a series of secondary-market purchases that finalized builder Megawide Construction Corp.’s exit from the solar producer. CREC disclosed to the...
Citicore Renewable Energy Corp. (CREC) reported a 58 percent increase in first-quarter profit as the company accelerated the rollout of its solar portfolio and capitalized on rising electricity sales. In a disclosure to the Philippine Stock Exchange on Friday, May 15, CREC reported that net income...
Citicore Renewable Energy Corp. (CREC) continues to expand its footprint in northern Luzon with the successful energization of its 125-megawatt-peak (MWp) solar power plant in Pangasinan province. In a statement on Monday, April 13, CREC announced that the Citicore Solar Pangasinan (CS Pangasinan)...
Citicore Renewable Energy Corp. (CREC) is ramping up its solar capacity as it adds nearly 70 megawatt-peak (MWp) to its portfolio. In a statement on Tuesday, March 31, CREC announced that it has energized its 69-MWp Citicore Solar Negros Occidental 2 solar power plant, which will contribute...
Renewable energy (RE) firm Citicore Renewable Energy Corp. (CREC) delivered solid financial and operational growth in 2025 as it expanded its solar portfolio and optimized its capital structure. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, March 30, CREC reported a net income...
Citicore Energy REIT Corp. (CREIT), the first renewable energy real estate investment trust in the country, reported steady net income for 2025 as its portfolio of solar power land maintained full occupancy and yielded payouts that exceeded regulatory requirements. In a filing with the Philippine...
Citicore Renewable Energy Corp. (CREC) has secured the largest number of projects in the preliminary results of the Department of Energy’s (DOE) fourth Green Energy Auction (GEA-4). The DOE’s advisory listed CREC, along with Ramon Ang-led SMC Global Light and Power Corp. and Joy-Nostalg Solaris...
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 Renewable Energy Corp. (CREC) saw an eight-percent increase in its net income during the first three months of 2025. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, May 15, CREC said it earned ₱230 million in net income during the first quarter of this year, higher...
