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.

Trinasolar will deliver its high-efficiency Vertex N 720W Series solar modules to power CREC’s upcoming renewable energy projects, supporting government initiatives like the Green Energy Auction. 

These advanced modules feature cutting-edge cell technology, providing superior energy efficiency, lower costs, and long-term reliability, crucial for CREC’s expansion and the Philippines’ shift toward sustainable energy.

Management’s view 

“With our first gigawatt nearing completion, we are now paving the way for our next two gigawatts of solar projects through this newest supply contract with Trinasolar,” CREC president and CEO Oliver Tan said in a statement. 

“Our continuing partnership – now totaling 3GW – underscores our commitment to efficiency and innovation in powering a first-world Philippines with pure renewable energy,” he dded. 

On 11 Nov. 2024, CREC and Trinasolar signed a module supplycontract for the provision of 2 gigawatts worth of solar panels for CREC’s next 2GW capacity addition in line withits 5GW in 5 year goal. This is Trinasolar’s largest contract in the Philippines and CREC’s largest solar panel supplycontract, to date./Photo from CREC 

Largest contract in the Philippines 

"This 2GW supply contract, our largest in the Philippines to date, highlights the deep trust and shared vision between Trinasolar and Citicore. Citicore is an invaluable partner in our mission to advance renewable energy, and we are honored to support their ambitions with our cutting-edge solar solutions,” Trinasolar executive president Helena Li said in the same statement. 

“Together, we’re not only meeting the Philippines’ energy needs but also setting a new benchmark for sustainable progress in the region," she added. 

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