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) reported that its net income inched up by two percent in 2024 due to property acquisitions and higher lease revenues from its renewable energy (RE) assets. In a disclosure to the Philippine Stock Exchange on Monday, March 31, CREIT said it posted a steady net...
These three women are lighting the way for a new era of energy leadership. Energy Undersecretary Rowena Cristina L. Guevara (center), Citicore Renewable Energy Corp (CREC) Chief Investor Relations Officer Abigail Joan R. Cosico (right), and ACEN Corp. Senior Vice President Irene S. Maranan (left)...
CREIT President and CEO Oliver Y. Tan Citicore Energy REIT Corporation (CREIT) declared dividends amounting to ₱360 million for the fourth quarter of 2024, bringing its total dividends last year to ₱1.32 billion. In a disclosure to the Philippine Stock Exchange, the firm said its latest...
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...
Saavedra-led Citicore Energy REIT Corporation (CREIT), the country’s first renewable energy (RE) real estate investment trust, has been assigned a strong Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook by Philippine Rating Services Corporation. An Issuer Credit Rating is an...
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...
Citicore Renewable Energy Corporation (CREC) announced it will launch nine solar projects in Batangas, Pampanga, Pangasinan, and Quezon Province this year, aiming to achieve one gigawatt (GW) of capacity annually. CREC President and CEO Oliver Tan shared in a briefing that the first of these...
Citicore Renewable Energy Corporation (CREC), a leading renewable energy (RE) developer in the Philippines, announced that PT Pertamina Power Indonesia (Pertamina NRE), an Indonesian-based energy firm, has made its first investment in the country. In a disclosure to the Philippine Stock Exchange...
Renewable energy real estate investment trust Citicore Energy REIT Corporation (CREIT) announced plans to complete 32 clean power projects across Luzon and Visayas within the next five years. In a three-year investment strategy report filed with the Philippine Stock Exchange, CREIT stated that...
