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CREC taps P4.4-B Security Bank loan for 125-MW solar farm
August 08, 2025
|Business World Philippines
LISTED renewable energy company Citicore Renewable Energy Corp. (CREC) has secured a P4.4-billion term loan facility from Security Bank Corp. to finance its 125-megawatt (MW) solar power project in Pangasinan.
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“Project finance is key to realizing the renewable energy transition, with projects like Citicore Solar (CS) Pangasinan able to move faster and mitigate risks with the support of partners like Security Bank, which understand that sustainability requires cooperation between industries,” CREC President and Chief Executive Officer (CEO) Oliver Y. Tan said in a statement on Thursday.
هذه القصة من طبعة August 08, 2025 من Business World Philippines.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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المزيد من القصص من Business World Philippines
Business World Philippines
NG gross borrowings decline in October
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SEVEN-SEATER CONTENDER
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DoST honors outstanding MSMEs at National Science, Technology and Innovation Week 2025
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1 mins
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PHL export prospects riding on tariff ruling by US Supreme Court
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2 mins
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PHL companies double down on sustainability – Schneider survey
ENERGY TECHNOLOGY SOLUTIONS provider Schneider Electric recently announced the results of its annual Green Impact Gap survey revealing that Philippine business leaders increasingly view sustainability as a driver of growth and competitiveness, even as they cite economic uncertainty and geopolitical instability as barriers to further sustainability investment.
1 mins
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Rice, galunggong prices up, meat steady in mid-Nov.
PRICES of rice and galunggong (round scad) rose in mid-November, while pork and chicken prices were little changed, according to the Philippine Statistics Authority (PSA).
1 mins
December 01, 2025
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