CREIT plans fundraising in 2026 to finance new property acquisitions

CITICORE ENERGY REIT Corp. (CREIT), the country’s first renewable energy real estate investment trust (REIT), is looking to pursue a fundraising initiative next year to finance new property acquisitions, its president said.

- Sheldeen Joy Talavera

“Any new land acquisition would involve new fundraising which we are looking at around next year. So we will first complete the acquisition of the batch one of the solar assets before the end of the year before any plans of acquiring new properties,” CREC President and Chief Executive Officer Oliver Y. Tan said during the company’s annual stockholders’ meeting on Monday.

CREIT is acquiring solar power assets from its sponsor, Citicore Renewable Energy Corp. (CREC), which are targeted to be completed “on or before yearend.”