Thursday, May 21, 2026
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Tag: CREC

CREC profit jumps 58% in first quarter amid growing RE portfolio

Citicore Renewable Energy Corp. (CREC) on Friday reported a 58 percent jump in net income to P364 million in the first quarter of 2026,...

CREC energizes solar plant in Negros Occidental

Citicore Renewable Energy Corp. (CREC) said Tuesday it energized its 69-megawatt-peak (MWp) solar power plant in Negros Occidental, boosting supply for the Visayas grid...

Citicore, Levanta launch wind project

Citicore Renewable Energy Corp. (CREC) and partner Levanta Renewables expect to complete their first 45-megawatt onshore wind project in Camarines Sur next year. The project...

CREC plans $2-b capital spending for green projects

Citicore Renewable Energy Corp. (CREC) said over the weekend it is allocating $2 billion for its 2026 capital expenditure program to complete its portfolio...

CREC’s net income rose 28% to P966 million in Q3

Citicore Renewable Energy Corp. (CREC) on Monday announced a 28-percent increase in net income to P966 million in the third quarter of 2025, led...

Citicore nears 1,000-MW target, energizes more solar power plants

Citicore Renewable Energy Corp. (CREC) is on track to complete its 1,000-megawatt (MW) target by the end of 2025, with a total combined gross...

CREC income jumped 28% in 9 months, CREIT revenues stable

Citicore Renewable Energy Corp. (CREC) disclosed a 28 percent increase in its net income for the first nine months of the year to P965.64...

CREC wins big in Green Energy Auction with 1.2 GW of capacity

Citicore Renewable Energy Corp. (CREC), a leading pure renewable energy company in the Philippines, was one of the largest winners in the government's Green...

Megawide acquires 10% stake in CREC for P4.7 billion

Megawide Construction Corp. has acquired a 10-percent stake in Citicore Renewable Energy Corp. (CREC) for P4.7 billion through a block sale transaction with CREC's...

Megawide eyes P700-m savings from debt cut

Megawide Construction Corp. said it expects to generate P700 million in interest cost savings by 2027 after moving to reduce debt by P10 billion. “We...

CREC’s first-half income grew 38% to P630 million

Citicore Renewable Energy Corp. (CREC) recorded a 38-percent increase in net income in the first six months of 2025 to P630 million from P456...

CREC gets P4.4-b loan for solar project

Citicore Renewable Energy Corp. (CREC) said it tapped Security Bank Corp. and Security Bank Capital Investment Corp. for a P4.4-billion loan to complete the...

CREC, RCBC win Asset Triple award

Citicore Renewable Energy Corp. emerged as a winner in this year’s The Asset Triple A Sustainable Infrastructure Awards. CREC took home the award for Renewable...

Citicore downsizes Pangasinan wind project to 80 MW

Citicore Wind Energy Corp. (CWEC) said Monday it is revising the configuration of its proposed wind project in Pangasinan province. Citicore Renewable Energy Corp. (CREC),...
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