PRESS ROOM

Citicore to accelerate capacity expansion in 2023  CITICORE Renewable Energy Corporation (CREC) – the sponsor of the country’s first renewable energy-themed REIT Citicore Energy REIT Corp. (CREIT) – is ramping up its capital investments in this space to help boost the country’s green energy supply and support the new government’s energy-sufficiency agenda.  

Citicore vows to accelerate capacity expansion in 2023  Citicore Renewable Energy Corp., the sponsor of the country’s first renewable energy-themed REIT Citicore Energy REIT Corp., is ramping up capital investments to help boost the country’s green energy supply and support the new government’s energy-sufficiency agenda.  

Citicore donates 50 solar street lamps to the Municipality of Tuy, Batangas Tuy, Batangas–In partnership with the Municipality of Tuy, Batangas, through the Office of Hon. Mayor Jose Jecerelle C. Cerrado,Citicore Foundation donated a total of 50 solar street lamps to the identified barangays of Tuy, which host the Citicore Solar (CS) Batangas in the pipeline projects of Citicore.

Citicore employees plant 300 trees in Sierra Madre GREEN MOVEMENT — Employees of the Citicore together with Megawide Foundation and Department of Environment and Natural Resources – Community Environment and Natural Resources Office (DENR-CENRO) Baliuag, Bulacan are all smiles after planting some 300 guyabano seedlings at the Sierra Madre Mountain Range in Barangay Kalawakn, Dona Remedios Trinidad, Bulacan on Friday. CITICORE PHOTO

Citicore says its power plants fully operational after typhoon CITICORE Renewable Energy Corp. said on Monday that all its power plants are fully operational following the onslaught of Typhoon Karding.

Citicore, ACEN Boost Capacity Of Pampanga Solar Plant The Arayat-Mexico solar farm, a joint venture between Citicore and ACEN, Ayala group’s listed energy platform, reached its full capacity last March 23, 2022, and is expected to add much-needed capacity to the grid in time for the demand surge during the hot summer season.

Citicore renews power supply deals with 5 clients CITICORE Renewable Energy Corp. said on Monday that all its power plants are fully operational following the onslaught of Typhoon Karding.

Going solar in Pampanga The Arayat-Mexico solar farm, a joint venture between Citicore and ACEN, Ayala group’s listed energy platform, recently reached its full capacity and is expected to add 105 GWh of renewable energy, to be produced annually, powering some 45,000 households in Pampanga.

ACEN And Citicore Energize Solar Plant In Pampanga The Arayat-Mexico solar farm, a joint venture between Citicorp and ACEN, Ayala group’s listed energy platform, reached its full capacity last March 23, 2022, and is expected to add much-needed capacity to the grid in time for the demand surge during the hot summer season.

ACEN-Citicore’s solar plant in Pampanga to add more capacity THE Arayat-Mexico solar farm, a joint venture between Citicore Power, Inc. and AC Energy Corp. (ACEN), is preparing to add more capacity to the grid to meet the anticipated increase in energy demand during the summer season.

ACEN Citicore JV to start phase 2 of solar farm MANILA, Philippines — The joint venture of ACEN Corp. and Citicore Power Inc. is set to start constructing the second phase of the Arayat-Mexico solar farm after energizing the 72-megawatt (MW) phase 1 of the project.

Acen bolsters Asian goal in tie-up with German firm The Ayala Group’s AC Energy Corp. (Acen) is infusing $200 million in a joint venture with German company ib vogt GmbH to further expand its renewable energy portfolio.

ACEN-led venture in P10-B solar push Majority of projects will stem from ib vogt’s Asia development pipeline of more than 5,000 megawatts

ACEN, Citicore energize Arayat-Mexico solar farm ACEN and Citicore Renewable Energy Corporation have announced that they have fully energized the 72-megawatt (MW) Arayat-Mexico solar farm in Pampanga in time for the demand surge this summer.

ACEN and Citicore launch a Solar Power Plant ACEN and Citicore’s solar farm reached full capacity on March 23, 2022. It is expected to add much needed capacity to the grid to meet the increased demand during the hot summer season.

72MW Solar farm hits full capacity The 72 megawatts (MW) Arayat-Mexico solar farm of ACEN in Pampanga has reached its full energization last month, only less than a year after it broke ground.

ACEN-Citicore JV boosts Luzon grid supply The power supply for Luzon grid during the summer months will be reinforced as the joint venture of Ayala-led ACEN Corporation and Citicore Renewable Energy Corporation already started injecting the capacity of their 72-megawatt Arayat-Mexico solar farm venture in Pampanga province.

Citicore, ACEN set to commence phase 2 dev’t of Pampanga solar farm The joint venture between Citicore and AC Energy is expected to add much needed capacity to the Luzon grid in time for the demand surge during the hot summer season.

Citicore and ACEN fire up 72-MW solar farm in Pampanga Citicore Renewable Energy Corp. and partner AC Energy Corp. energized the 72-MW solar power plant in Pampanga province to help augment the capacity in the Luzon grid during the dry season.

Arayat-Mexico solar power farm exported to grid in March THE 72-megawatt (MW) Arayat-Mexico solar power farm of Citicore Power Inc. and AC Energy Corp. (ACEN) started exporting power to the grid last month.

ACEN and Citicore energize solar plant in Pampanga The Arayat-Mexico solar farm, a joint venture between Citicore and ACEN,
Ayala group’s listed energy platform, reached its full capacity last March 23, 2022 and is
expected to add much needed capacity to the grid in time for the demand surge during the hot
summer season.

CREC to supply solar power to Toyota Motors Cebu A UNIT of Citicore Renewable Energy Corp. (CREC) will supply renewable energy to a Toyota Motor Philippines Corp. franchisee in Cebu to step up the “acceleration of its customer diversification,” the company said.

Citicore supplying RE to Toyota Cebu franchisee Citicore Renewable Energy Corporation (CREC), will be supplying renewable energy (RE) to a franchisee of Toyota Motor Philippines in Cebu – the RE company’s first deal with the automotive industry.

Citicore Renewable eyes more industries to add to list of customers MANILA, Philippines — Citicore Renewable Energy Corp. (CREC) eyes more industries and nationalities to add to its growing pool of renewable energy (RE) end-users after securing a contract from Toyota Motors Cebu.

Citicore supplies power to Toyota’s franchisee Citicore Renewable Energy Corporation (CREC) is expanding the niche of customers that it has been supplying electricity to – this time in the automotive industry for a franchisee of Toyota Motors in Cebu.

Toyota dealer taps RE from CREC The retail electricity supplier (RES) unit of Citicore Renewable Energy Corp. (CREC) was tapped to supply power to a franchisee of Toyota Motors in Cebu.

Citicore expands niche market into automotive industry Citicore Renewable Energy Corporation (CREC), Citicore Energy REIT‘s sponsor, accelerates
its customer diversification as it adds the automotive industry among its growing pool of
renewable energy end-users.

Renewable energy firm to build 20 more solar power plants A RENEWABLE energy firm with a solar power plant in Toledo City, Cebu is set to construct 15 to 20 more solar power plants in the country in the next five years, the bulk of them in Luzon.

Toledo solar power plant reaches out to farmers A SISTER company of Megawide Construction Corporation is helping farmers by alllowing them to use a hectare of their 60-hectare solar power plant in Barangay Talavera, Toledo City, southwest Cebu as their planting site for free.

Megawide companies Citicore, C2W partner with farmers, vendors for agro-solar program A renewable energy company in Toledo City has partnered with farmers and vendors to pilot a farm to market initiative that would directly supply Cebu’s biggest public market.

Citicore inks 3-year supply contract with Clark power distributor Citicore Renewable Energy Corp. (CREC), the parent firm of the country’s first ever energy-focused real estate investment trust, has added Cogent Energy to its expanding customer base.

Citicore inks new 3-year supply deal with Meralco subsidiary Citicore Renewable Energy Corporation (CREC) has sealed a new three-year power supply agreement (PSA) with Cogent Energy, the retail electricity supplier (RES) unit of Clark Electric Distribution Corporation (CEDC).

Citicore obtains three-year Clark power contract Said Friday it signed a new three-year power supply agreement with Cogent Energy, the local retail electricity supplier unit of Clark Electric Distribution Corp.

Citicore Renewable allots ₧70B for power projects Citicore Renewable Energy Corp. (CREC), the renewable energy arm of Citicore Power Inc., is earmarking P70 billion for the expansion of its power generation portfolio to 1,500 megawatts (MW) in five years.

Firm sees big opportunity in renewable energy market MANILA – The country’s first clean energy-themed real estate investment trust (REIT) listing on Philippine Stock Exchange (PSE) aims to tap the tremendous opportunities in the local renewable energy market.

Citicore expands customer-base by 250% to industrial users Citicore Renewable Energy Corporation (CREC) has broadened its customer-base by roughly 250 percent as it industrial and other big-ticket power users under the competitive retail market.

CESI expands customer base Citicore Energy Solutions Inc. (CESI), a licensed retail electricity supplier (RES) and an affiliate of Citicore Renewable Energy Corp. (CREC), said Monday its customer base grew by 2.5 times at end-2021.

Shell renews Power Supply Agreement with Citicore Citicore Energy REIT, Inc.’s (CREIT’s) sponsor and major tenant Citicore Renewable Energy Corp.
(CREC) recently renewed its power supply agreement with Shell Energy Philippines, Inc. (SEPH) for
the supply of clean and renewable energy coming from its portfolio solar power generating plants.

First in Southeast Asia: Citicore gets highest level of green certification from Cicero Citicore Energy REIT Corp. (CREIT), the country’s first energy real estate investment trust has received a Dark Green Rating from Cicero Shades of Green.

PH REITs zoom in South, East Asia ranking The capitalization of the Real Estate Investment Trusts (REITs) in the Philippines zoomed in less than two-years, placing the country in the middle of the pack among major economies in the South and East Asian regions.

Firms to go public in tandem with country’s recovery — analysts ANALYSTS are expecting more firms to tap the capital markets for their fund-raising activities in tandem with the country’s economic recovery story.

Citicore eyeing February listing of clean energy-focused REIT PHOTO: creit.com.ph

Renewable energy-themed real estate investment trust (REIT) pioneer Citicore Energy REIT Corp. (CREIT) expects to list by February, aiming to raise P10.1 billion to scale up the group’s agro-solar farm operations in order to become the country’s largest by next year.

Citicore eyes P10-B listing of solar plants in unique REIT IPO Megawide Construction Corp.’s privately held sister company, Citicore Power Corp., may list its solar power assets via the country’s first ever energy-focused Real Estate Investment Trust (REIT) offering by October this year.

Citicore to kick off Pampanga solar plant construction Citicore operates eight solar power plants with an installed capacity of 163 Megawatts (MW).