Citicore Renewable Energy

3 days ago

Saavedra’s CREC to boost public stake ahead of P6.7-B Pertamina deal

Tycoon Edgar Saavedra plans to reduce his stake in Citicore Renewable Energy Corp. (CREC) to maintain a diversified public ownership structure as Pertamina Group, Indonesia’s largest state-owned firm, acquires a 20-percent stake.

10 Jan 2025

12:29PM

Indonesian state power firm buys 20% stake in Saavedra’s Citicore Renewable for P6.7B

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corporation (CREC) secures its second major strategic investor as Indonesian state-run energy firm Pertamina New & Renewable Energy (Pertamina NRE) acquires a 20 percent stake.

9 Dec 2024

4:03PM

Saavedra’s CREC teams up with Sungrow for massive battery energy storage push

Citicore Renewable Energy Corp. (CREC), controlled by tycoon Edgar Saavedra, is advancing its renewable energy initiatives by partnering with Sungrow Power Supply Co., Ltd., a global leader in energy storage solutions.

14 Nov 2024

4:57PM

Saavedra’s Citicore Renewable Energy soars with 29% revenue jump in 9 months

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) posted a 29-percent jump in revenue, reaching P3.89 billion in the first nine months of 2024, alongside a net income increase of 6 percent to P756 million.

12 Nov 2024

10:38PM

Saavedra’s CREC secures 2GW solar panel supply deal with Trinasolar

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC), a leading renewable energy developer in the Philippines, signed a landmark 2-gigawatt (GW) solar module supply agreement with Trinasolar.

21 Oct 2024

8:54AM

Saavedra’s CREC taps global partner for major wind energy push

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC), through subsidiary Citicore Wind Energy Corp., is partnering with Levanta Renewables to develop an onshore wind portfolio in the Philippines.

16 Sep 2024

5:17PM

CREC’s 13 renewable energy projects gain national significance

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. is making major moves in the renewable energy space, with 13 of its projects gaining national significance status from the Department of Energy.

15 Aug 2024

10:21AM

Saavedra’s Citicore Renewable Energy posts growth after P5.3-B IPO

The No. 2 solar energy producer in the country saw revenue increase 13 percent to P2.1 billion in the first half of 2024, driven by a 15 percent growth in electricity sales to P1.73 billion.

7 Aug 2024

5:30PM

Citicore’s CEO Oliver Tan confident in hitting 5-GW goal in 5 years

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. committed to achieving 5 gigawatts of renewable energy within 5 years, aiming to become one of the country’s top power producers.