WINNING | Citicore Renewable Energy ramps up 5GW push as investor trust expands anew

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) is pressing ahead with its aggressive capacity buildout as it seeks to cement its role in the Philippines’ energy transition.

That momentum was reinforced after CREC secured multiple distinctions at the FinanceAsia Asia’s Best Companies Poll 2026, including gold for best renewable energy company. 

The company also won silver for best small-cap company, best managed company, and most committed to diversity, equity, and inclusion, along with bronze for best investor relations.

Driving the transition 

The recognitions land at a crucial point for CREC, which is in the middle of rolling out its 5 gigawatt in five years renewable energy expansion program. 

The company’s project pipeline is aligned with the Philippine government’s energy agenda, including projects awarded under the Department of Energy’s Green Energy Auction Program.

CREC said the awards reflect strong investor confidence in its strategy, leadership and execution, particularly as competition for capital intensifies across the region’s energy transition plays.

Oliver Tan 
CREC president, CEO 

Leadership under the spotlight 

“Being recognized by FinanceAsia for three years reflects the trust placed in us, in our vision, and our ability to perform by the investment community,” said Oliver Tan, the president and CEO of CREC. 

“As we aggressively scale renewable energy capacity in support of the Philippines’ energy transition goals, we remain grounded in strong governance and long-term value creation,” he added.

Tan’s leadership was also recognized separately, with the CREC president and CEO receiving silver for best CEO, based on votes from institutional investors and financial analysts across Asia.

For listed companies like CREC, recognition tied to management credibility, investor relations and DEI can help reinforce market trust at a time when renewable developers need long-term capital, policy alignment and disciplined delivery.

FinanceAsia, the Hong Kong-based capital markets publication behind the poll, is widely followed by regional investors as a barometer of leadership and financial performance.

—Edited by Miguel R. Camus 

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