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Tag: Oliver Tan

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 Renewable Energy reports 14% profit growth on strong power sales

Citicore Renewable Energy Corp. (CREC) reported a 14-percent increase in its 2025 net income to P1.15 billion on sustained electricity sales and the expansion...

CREIT income steady at P1.43-b; payouts exceed mandate

Citicore Energy REIT Corp. said Thursday net income reached P1.43 billion in 2025, a flat growth from P1.4 billion in the same period the...

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...

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...

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...

CREIT declares P0.049 cash dividend per share

Citicore Energy REIT Corp. (CREIT), the Philippines' first and largest renewable energy real estate investment trust (REIT), announced a dividend of P0.049 per share,...

CREC eyes $1-b budget to build more RE projects

Citicore Renewable Energy Corp (CREC) said Monday it is looking at a $1-billion capital expenditure budget for 2025 to expand its renewable energy portfolio. “Total...

Sustainable power

Citicore Renewable Energy Corp. (CREC) president and chief executive Oliver Tan (second from right) joins a panel represented by international groups Macquarie Asset Management,...

AgroSolar initiative

Employees of Citicore Renewable Energy Corp. lead the ceremonial harvest of pechay or local napa cabbage as part of the company’s pioneering agrosolar initiative...

Citicore Energy REIT voted best company

Citicore Energy REIT Corp., the country’s first energy REIT, was voted the Philippines’ Best Company in the recently concluded FinanceAsia’s 22nd Best Companies in...

Citicore Power’s unit finalist in Europa Awards

Several Filipino companies were recognized for promoting sustainable business practices. Citicore Power Inc.,  through  subsidiary  Citicore  Renewable  Energy  Corp.,  was chosen  as  a  finalist ...

AC Energy, Citicore break ground for 72-MW Pampanga solar farm

AC Energy Corp. and Citicore Power Inc. on Thursday held the groundbreaking ceremony for the 72-megawatt Arayat-Mexico solar farm in Pampanga province that will...
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