Tycoon Edgar Saavedra-backed Citicore Renewable Energy Corp. has declared its first cash dividend since listing on the Philippine Stock Exchange in 2024 after generating P1.15 billion in consolidated net income last year.
As the renewable energy sector continues to expand, managing equipment at the end of its useful life is emerging as a growing sustainability challenge. Citicore Renewable Energy Corp. (CREC) is addressing this issue through EcoLoop.
Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) posted a sharp jump in first quarter earnings as newly energized solar plants began contributing more meaningfully to revenues and margins.
Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. is pressing ahead with its aggressive capacity buildout as it seeks to cement its role in the Philippines’ energy transition.
Citicore Renewable Energy Corp., the renewable power firm backed by tycoon Edgar Saavedra, posted firmer full-year 2025 earnings, with profit growth outpacing revenue as electricity sales held strong and financing costs declined.
Citicore Renewable Energy Corp. has reshaped its ownership, elevating co-founder Tan into a direct 10 percent shareholder of the renewable energy firm he helped build.
Citicore Renewable Energy Corp. (CREC) has secured 1,212 megawatts of renewable capacity from the Department of Energy’s Green Energy Auction Program 4, making it one of the biggest winners of the latest round.