Thriving green energy developer Citicore Renewable Energy Company (CREC) will be supplying 90 megawatts of solar-generated electricity to the properties of Sy-led SM Prime Holdings. In a statement to the media, CREC indicated that a memorandum of agreement (MOA) for the supply arrangement was inked...
Filipino firm Citicore Renewable Energy Corporation (CREC) emerged as one of the "big winners" in the recently concluded second Green Energy Auction (GEA-2) of the government, cornering 916.58 megawatts that will firmly cement its foothold as one of the emerging major players in the renewable energy...
Filipino-led Citicore Energy REIT Corp. (CREIT), which is the first renewable energy company in the country to undergo real estate investment trust (REIT) listing , posted marginal income growth of just 2.0-percent in the first quarter this year to P304.96 million from P300.30 million last year. On...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) vehicle of the Citicore group, has posted 454 percent increase in net income to P1.25 billion in 2022 from P226 million in the previous year. According to CREIT President and CEO Oliver Tan, the upturn in profitability of...
Citicore Energy REIT Corp. has listed at the Philippine Dealing and Exchange Corp. (PDEx) its maiden ASEAN Green Bond offering which raised P4.5 billion for its expansion program. In a disclosure to the Philippine Stock Exchange, the firms aid the offer was oversubscribed, with the P1.5 billion...
Citicore Energy REIT Corp. (CREIT or the Company), the country’s first renewable energy (RE) real estate investment trust has set the coupon rate for its P4.5 billion maiden ASEAN Green Bond Offering. In a disclosure to the Philippine Stock Exchange, the firm said it has also received its Permit...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) business unit of the Citicore group, reported accelerated growth in income in the past nine months to P906.5 million, more than eight times its last year’s earnings of P118.59 million. In the third quarter alone, the...
Citicore Energy REIT Corporation (CREIT) reported a net income of P601 million for the first six months of 2022, more than five times the P89 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues for the first half of the year...
Citicore Energy Solutions Inc. (CESI), the power retailing business arm of Filipino firm Citicore Renewable Energy Corporation (CREC), has renewed five of its power supply agreements (PSAs) that are falling due this year. The renewed power supply deals that are under the ambit of Retail Competition...
The power supply for Luzon grid during the summer months will be reinforced as the joint venture of Ayala-led ACEN Corporation and Citicore Renewable Energy Corporation already started injecting the capacity of their 72-megawatt Arayat-Mexico solar farm venture in Pampanga province. The project...
Citicore Renewable Energy Corporation (CREC) is expanding the niche of customers that it has been supplying electricity to – this time in the automotive industry for a franchisee of Toyota Motors in Cebu. CREC, which is the sponsor-firm of publicly listed Citicore Energy REIT Corporation (CREIT),...
Citicore Energy REIT Corp. (CREIT), a pioneering energy firm in real estate investment trust listing, is advancing on its portfolio shoring up with the infusion of Bulacan and South Cotabato properties into its fold. The company indicated that the proceeds it fetched from its recent initial public...
