The multi-dimensional green energy investment play of Citicore Renewable Energy Corporation (CREC) in Pangasinan province is taking off with its blueprinted 240-megawatt solar farm to be sited in Binalonan town. To jumpstart the project, the company held its groundbreaking rites this week – and...
Citicore Energy REIT Corporation (CREIT) declared cash dividends amounting to P353 million or P0.054 per share which is 10 percent higher than the P0.049 a share dividend declared in the previous quarter. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this brings total...
Veritable clean energy developer Citicore Renewable Energy Inc. (CREC) is targeting to beef up its operating solar portfolio with additional 69-megawatt peak (MWp) capacity upon the commercial operations of its second solar farm project in Negros Occidental. The construction of the firm’s...
The Philippine Stock Exchange (PSE) has approved the listing of the shares of Citicore Renewable Energy Corporation (CREC) to pave the way for its planned initial public offering (IPO) worth up to P12.94 billion. In a statement, the firm said it has received a notice from the PSE the Notice of...
Filipino-led Citicore Renewable Energy Corporation (CREC) will fork out P35 billion worth of capital expenditures (capex) for this year, primarily to advance the completion and commercial operations of the first batch of its gigawatt-scale solar installations. In an interview with the media, CREC...
The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Citicore Renewable Energy Corporation's (CREC) primary and secondary shares for as much as P12.94 billion. In its Jan. 16 meeting, the Commission En Banc resolved to render effective the...
Citicore Renewable Energy Corporation is planning to sell up to P12.94 billion of its shares through a planned initial public offering (IPO) in March next year to fund its capital expenditures and pipeline development. In its preliminary prospectus filed with the Securities and Exchange Commission...
DUBAI, UAE -- The transformative impact of two solar farm projects of Filipino-led Citicore Renewable Energy Corporation (CREC) had clinched global spotlight as it was catapulted to be among the world’s first bestowed with FAST-Infra Sustainability Infrastructure (FISI) Label, which has been...
Filipino-led firm Citicore Renewable Energy Corp. (CREC) has secured $100 million financing that will greatly help in advancing the commercial development of roughly 500-megawatt of its blueprinted solar projects. The mezzanine construction green loan facility, according to Citicore, was structured...
Due to higher revenues it fetched from lease contracts, Citicore Energy REIT Corp. (CREIT) has increased its declared dividends to P0.049 per share for the second quarter this year, up 11.4-percent from P0.044 in the same period last year. The company reported that its revenues climbed 21-percent...
Citicore Renewable Energy Corporation (CREC) will put up a 10-megawatt solar farm project that will be embedded into the load network of Pampanga I Electric Cooperative (PELCO I). The RE company announced in a press statement that a memorandum of agreement (MOA) on this venture has already been...
From left: SM Prime Energy Consultant, Jaime Patinio; SM Prime Chief Finance Officer, John Nai Peng Ong; SM Prime President, Jeffrey Lim; CREC Chairman, Edgar Saavedra; CREC President & CEO, Oliver Tan; and CREC Sr. Manager Sales & Energy Trading, Jerard Garcia. SM Prime Holdings, Inc. (SM...
