As the National Teachers College (NTC) commemorates its near century-long dedication to education, the institution takes another pioneering step toward a sustainable future by transitioning to 100 percent renewable energy. This significant achievement was made possible through a strategic...
The Manila Electric Co. (Meralco) has officially initiated the bidding process to procure 500 megawatts (MW) of renewable energy capacity. In a statement, Meralco said this move is in compliance with the government's renewable energy standards and reflects its commitment to enhance reliance...
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...
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...
Renewable energy firm SP New Energy Corp. (SPNEC), now chaired by tycoon Manuel V. Pangilinan through the controlling stake of MGen Renewable Energy (MGreen), reported a net income of P5.7 billion in 2023 after gaining 100 percent ownership of Terra Solar Philippines. Based on its disclosure...
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...
Honda Philippines Inc. is taking serious steps on its decarbonization journey, and it just concretized this goal with the commercial kick-off of its 1.056-megawatt solar rooftop facility that will partly provide for its electricity requirements. The solar rooftop was installed by solutions provider...
HOUSTON – The ‘stranglehold’ of critical minerals which is just in the hands of very few producer-countries is seen as a major factor that will cause enormous strain and will drive up costs for the consumers of many countries traversing their pathway to energy transition. In a plenary...
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...
HOUSTON - The flourishing innovations for long duration energy storage (LDES) are seen as ‘gridlock breaker’ not just for the perplexing intermittency of variable renewable energy (VRE) facilities, but they could also defray huge capital outlay for warranted grid expansions and upgrades to...
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...
