Conglomerate SM Investments Corp. (SMIC) said Wednesday it acquired a 28.79-percent stake in Citicore Energy REIT Corp. (CREIT), the country’s first renewable energy real estate investment trust firm, for P5 billion.
SMIC said in a disclosure to the stock exchange it purchased 1.884 billion shares in CREIT from Citicore Renewable Energy Corp. (CREC) and Citicore Solar Tarlac 1 at P2.6534 apiece.
After the transaction, CREC will remain the largest stakeholder in...
PetroGreen Energy Corp. (PGEC) of the Yuchengo Group said Tuesday it secured an P834-million loan facility from Rizal Commercial Banking Corp. (RCBC) for its...
Seaoil Philippines said it opened its P822-million Zamboanga Bulk Terminal at the ZAMBOECOZONE Authority and Freeport in Barangay Talisayan, Zamboanga City, its 13th depot...
The Department of Energy said Monday the Earth Hour 2024 generated a significant increase in electricity savings of 132.11 megawatts (MW) for the Philippines...