With its cash stream boosted by the entry of new capacities from its solar plants, the net income of listed firm Citicore Renewable Energy Corp (CREC) climbed 9.0% to P910 million in 2023 versus P834 million in the prior year. The company’s earnings before interest, taxes, depreciation and...
Listed firm Citicore Renewable Energy Corporation (CREC) is stepping up in a big way on adding renewable energy (RE) capacity to the country’s power supply, with 1.3 gigawatts (1,300 megawatts) ramp up on its solar operating facilities by yearend until early part of 2025. In a briefing with the...
CREC eyes Green Bond offering in 2025 By James A. Loyola After raising P5.3 billion from its initial public offering (IPO), Citicore Renewable Energy Corporation (CREC) is considering the issuance of Green Bonds to help fund its aggressive $3-billion five-year expansion program. During the press...
The UK government’s MOBILIST Programme has invested P731 million in Citicore Renewable Energy Corporation (CREC) which is equivalent to 13.77 percent of its P5.3-billion initial public offering (IPO). CREC has successfully completed its IPO and listing on the Philippine Stock Exchange (PSE) on...
Solar power firm Citicore Renewable Energy Corporation (CREC) has pegged its initial public offering (IPO) price at P2.70 per share for a total offering size of P5.3 billion. In its final offering prospectus, CREC said the offer price was determined based on a book building process and discussions...
Citicore Energy REIT Corporation (CREIT) reported an 18 percent growth in net income to P359.27 million in the first quarter of 2024 from P304.95 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said it posted a 26 percent increase in revenues at P473...
While many other power plants fail to deliver during this year’s El Nino-stricken weather temperatures, solar plants have been thriving as ‘powerhouse solution’ in shielding consumers from the wrath of unwanted blackouts or power service interruptions. Rotational brownouts would typically...
Citicore Renewable Energy Corporation (CREC) reported that it has secured financing arrangement of up to P20 billion with Rizal Commercial Banking Corporation (RCBC) for the funding of multiple solar power plant projects. In a statement, the firm said the projects will have a combined installed...
Flourishing solar power developer giant Citicore Renewable Energy Corporation (CREC) has secured P9.0 billion worth of loans from Yuchengco-led Rizal Commercial Banking Corp (RCBC) with an option to increase it to P20 billion; and that will be funneled mainly for the commercial development of its...
Citicore Energy REIT Corporation (CREIT), the country’s first and largest renewable energy real estate investment trust, posted a 12 percent improvement in net income to P1.4 billion last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its revenues rose 31 percent to...
Citicore Energy REIT Corp. (CREIT) reported strong net income growth for last year, fueled by its strategic expansion efforts. In a disclosure to the Philippine Stock Exchange on Tuesday, April 2, the country's first renewable energy real estate investment trust (REIT) said its profit reached P1.4...
The Sy family’s flagship SM Investments Corporation (SMIC) has come in as a strategic partner in Citicore Energy REIT Corporation (CREIT) with the acquisition of a 28.79 percent stake for P5 billion from shareholders led by billionaire Edgar Saavedra. In a disclosure to the Philippine Stock...
