Citicore
Citicore, through its subsidiary Citicore Renewable Energy Corp. (CREC) is one of the largest solar renewable energy provider with a wide geographical presence having 8 solar assets in Luzon, Visayas and Mindanao.
See below for the Latest Citicore News, Analysis, Profit Results, Share Price Information, and Commentary.
Philippines’ Citicore Energy REIT maintains payout as H1 revenue stays flat
Philippines’ Citicore Energy REIT maintains payout as H1 revenue stays flat
Shareholders will receive the quarterly distribution on 7 October.
Citicore secures $65.7m financing for twin solar‑plus‑storage projects in PH
The loan funds two 41-MWp solar plants with 106 MWh of battery storage.
Citicore Energy REIT to acquire 1.7-M-sq-m land, 860-MWp solar assets
The REIT expands control over solar and land assets whilst holding steady income.
Citicore Renewable Energy earnings jump 28% in Q3
Revenues increased during the period, thanks to its growing customer base.
Citicore energises first solar baseload power plant in PH
The project also has a 1.5 GWh battery energy storage system.
Citicore Renewable Energy’s revenue jumps 28% in H1
Growth was driven by an increase in electricity sales.
CREC secures PHP 4.4b financing for 125 MW solar project in PH
This is one of the company’s priority projects for its five-year goal.
Citicore Renewable Energy’s earnings up 8% in Q1
Thanks to a surge in revenue during the period.
CREIT’s net income up 2% in 2024
Thanks to its strong guaranteed base lease, supported by 2023 acquisitions.
Indonesia’s Pertamina invests in PH’s Citicore for $115m
This is equivalent to a 20% interest.
CREC, Sungrow sign agreement for 1.5GWh battery energy storage project
The deal also covers engineering and construction design.
Citicore taps Trinasolar for two-gigawatt solar rollout
This increases their partnership to 3 GW.
Citicore appoints new CFO
Lucia Lorenz Roderos was also appointed chief risk officer.
Citicore’s profit slips 21% to $4.73m in H1
Meanwhile, revenue was up 13% thanks to higher electricity sales.
Citicore’s net income up 9% to $15.47m in 2023
Thanks to higher revenues driven by the sale of electricity.
Citicore raises $89m Billion from CREIT shares sale to SMIC
SMIC acquires a 28.79% stake in CREIT.
Citicore breaks ground for 69 MWp solar project
The project is set for completion in 2024.
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