Thursday, May 21, 2026
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Tag: CREC

Citicore unit investing P5.7b for 150-MW Pangasinan wind project

Citicore Wind Energy Corp. (CWEC) plans to construct a 150-megawatt wind project in Pangasinan with a total cost of P5.7 billion. CWEC, a subsidiary of...

CREC completes sale of 20% stake to Pertamina NRE

Citicore Renewable Energy Corp. (CREC) and Indonesia’s state-owned Pertamina New & Renewable Energy (Pertamina NRE) on Thursday announced they completed a landmark $120 million...

CREC net income rose 8% on higher electricity sales in Q1

Citicore Renewable Energy Corporation (CREC) has reported an 8 percent increase in net income to P230 million for the first quarter of 2025 from...

CREC’s profit hits P1b,as revenues climb 40%

Citicore Renewable Energy Corp. (CREC) said Tuesday its net income increased 11 percent to P1 billion in 2024 from P910 million in 2023 on...

Citicore Power reduces CREC stake to 59.9%

Citicore Power Inc. on Friday announced a block sale of 153,741,000 common shares in unit Citicore Renewable Energy Corp. (CREC), reducing its interest to...

CREC, SMC set to build 153-MW Bataan solar farm

Citicore Renewable Energy Corp. (CREC) and partner San Miguel Global Light and Power Corp. (SGLP) plan to start the construction of a 153.5-megawatt solar...

CREC eyes P35b for 2025 capex to fund RE projects

Citicore Renewable Energy Corp. (CREC) is looking at capital expenditures exceeding P35 billion this year as it rolls out another 1 gigawatt of renewable...

Citicore taps Sungrow for battery energy storage system

Citicore Renewable Energy Corp. (CREC) said Monday it signed a supply and services agreement with China’s Sungrow Power Supply Co., Ltd. (Sungrow), a global...

CREC, Levanta to develop 375-MW wind farms

Citicore Renewable Energy Corp. (CREC) said Monday its subsidiary Citicore Wind Energy Corp. (CWEC) teamed up with Levanta Renewables (Levanta), a leading Southeast Asia-focused...

CREC approves release of P1.22-b proceeds from IPO

The board of Citicore Renewable Energy Corp. (CREC) approved the advance release of the proceeds from its initial public offering (IPO) amounting to P1.2228...

CREC’s revenues up 13%, income flat in first semester

Citicore Renewable Energy Corp. (CREC) recorded a flat growth in its net income in the first six months of 2024 to P456.40 million, as...

Citicore pledges to deliver 5 GW of renewables

Citicore Renewable Energy Corp. (CREC) said Wednesday it is strongly committed to the delivery of 5 gigawatts in five years, highlighting its upward performance...

Citicore, San Miguel Global unit plan to open Bataan solar plant in 2025

Citicore Renewable Energy Corp. (CREC) and partner San Miguel Global Light and Power Corp. (SGLP) expect to complete their 153.5-megawatt solar power project in...

CREC plans to issue green bonds in 2025

Citicore Renewable Energy Corp. (CREC) plans to issue greens bonds next year to partially fund its aggressive pipeline of renewable projects. CREC president Oliver Tan...
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