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Citicore secures P3.9-B loan for solar expansion
The Philippine Star
|December 05, 2025
Saavedra-led Citicore Renewable Energy Corp. (CREC) has tapped a P3.98-billion loan from Bank of the Philippine Islands (BPI) to advance the completion of its utility-scale solar farm in Pangasinan.
The project financing will support the development of the 113-megawatt (MW)-peak Citicore Solar (CS) Pangasinan 2 in the municipality of Binalonan, which CREC aims to finish by year-end.
“With BPI partnering with us through this project finance agreement, we strengthen our ability to deliver on our commitments and continue championing renewable energy in the country,” CREC president and CEO Oliver Tan said.
Dit verhaal komt uit de December 05, 2025-editie van The Philippine Star.
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