Saavedra-led infrastructure and engineering firm Megawide Construction Corp. has completed its acquisition of 9.88 percent of affiliate Citicore Renewable Energy Corp. (CREC), effectively gaining a new revenue source from solar power. In a disclosure to the Philippine Stock Exchange, Megawide said...
Saavedra-led Megawide Construction Corp. is firming up its balance sheet after parent company Citicore Holdings Investment Inc. (CHII) and sister company Citicore Power Inc. (CPI) paid back ₱9.4 billion for advances made by the engineering firm in 2016. In a disclosure to the Philippine Stock...
Citicore Energy REIT Corporation, the country’s first renewable energy real estate investment trust, is considering raising new funds next year to finance the acquisition of additional land for the expansion of its solar farm portfolio. During the firm’s annual stockholders’ meeting, CREIT...
Citicore Energy REIT Corporation, the country’s first and largest renewable energy REIT, posted stable attributable profit of ₱358 million and revenues of ₱472 million, in line with the same period last year. “The stability of the Company’s performance is primarily attributed to a strong,...
Citicore Energy REIT Corporation (CREIT) declared cash dividends amounting to ₱320.7 million or ₱0.049 per common share, consistent with the same period last year. The firm disclosed to the Philippine Stock Exchange that the dividend represents income from its guaranteed lease revenues for the...
Citicore Renewable Energy Corp.’s (CREC) solar unit in Pangasinan is seeking the approval of the Energy Regulatory Commission (ERC) to develop facilities linking its solar project to the Luzon grid. In an application filing posted on the ERC website, Citicore Solar Pangasinan Inc. (CSPI) has...
The Securities and Exchange Commission (SEC) and the Energy Regulatory Commission (ERC) are simplifying the process of raising capital through the capital market by power generation and distribution companies to support their growth and expansion. The SEC and ERC formally launched the Securing and...
Citicore Renewable Energy Corporation (CREC) reported an 11 percent jump in its net income for 2024, fueled by strong electricity sales. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, April 8, CREC said its net income climbed to ₱1 billion in January to December last year, up...
Despite President Donald Trump’s recent executive order (EO) to withdraw the United States (US) from the Paris Agreement, energy stakeholders in the Philippines believe his current policies will have minimal impact on renewable energy (RE) growth in Asia. During the Renewable Energy Forum 2025 on...
Citicore Energy REIT Corp. (CREIT), through its subsidiary Citicore Solar Batangas I, Inc. (CSBat1), has filed an application with the Energy Regulatory Commission (ERC) seeking approval for the construction of point-to-point interconnection facilities. In a notice posted by the ERC, CSBat1...
Citicore Renewable Energy Corp. (CREC) is selling a portion of its shares to PT Pertamina Power Indonesia (PNRE) to fund its renewable energy (RE) projects in the Philippines and Indonesia. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 31, CREC announced that Citicore Power...
Renewable energy firm Citicore Renewable Energy Corp. (CREC) and San Miguel Global Light and Power Corp. (SGLP) plan to complete their solar plant project by 2026, with construction commencing this year. In a briefing, Oliver Tan, CREC president said that the 153.5-megawatt (MW) solar power project...
