The company said four solar plants will come online within the next two months, lifting gross installed capacity to almost 1.2 gigawatts.
That will set the stage for another 2.2 gigawatts of projects scheduled for energization over the next 12 to 24 months.
“We will be aiming to energize another 2.2 gigawatt, such that we may end the year, if not early next year, at 3.3 gigawatt of gross installed capacity,” CREC president and CEO Oliver Tan said during the company’s annual meeting on Monday.
Backing overseas
The aggressive buildout comes as CREC deepens its partnership with PT Pertamina Power Indonesia (Pertamina NRE), the renewable energy arm of Indonesia’s state-owned energy giant, which invested P6.6 billion in the company last year.
Tan said the alliance offers more than capital, giving CREC access to potential supply chain opportunities through planned solar module assembly and battery energy storage facilities while opening the door to future investments abroad.
“We can benefit from potential cross-investment in Indonesia for the same technology,” Tan said.
Growth pipeline
Management expects solar and battery energy storage systems to drive future growth given the scale of its project pipeline.
As of end-2025, CREC had about 600 megawatts of operating solar capacity and nearly 3 gigawatts of solar projects under construction, providing the foundation for its target of adding about 1 gigawatt of renewable energy capacity annually under its broader 5-gigawatt-in-5-years roadmap.
—Edited by Miguel R. Camus
