Philippines’ Citicore Breaks Ground on 69-MWp Solar Park

Feb 22, 2024 03:49 PM ET

  • Join Citicore as they shine bright in the Philippines with their latest solar park project, Citicore Solar Negros Occidental 2. Aiming for a greener future!

Citicore Renewable Energy Corporation has begun construction on a 69-MWp solar park in Negros Occidental province, Philippines. The project, known as Citicore Solar Negros Occidental 2, will cover 69 hectares of land and is part of the Philippine government’s Green Energy Auction Programme 2. The park is scheduled to be commissioned this year and has the potential to expand to a total capacity of 100 MWp.

This will be CREC’s second photovoltaic park in Negros Occidental, with the first one already operational since 2016. The company is also planning an initial public offering to raise funds for its pipeline, with a goal of adding 1 GW of solar capacity annually for the next five years. CREC aims to achieve a 35% renewables share in its power generation mix by 2030 and 50% by 2040.

What are the expansion plans for Citicore Renewable Energy Corporation in the Philippines?

Expansion plans for Citicore Renewable Energy Corporation in the Philippines:

  • Construction of a 69-MWp solar park in Negros Occidental province, known as Citicore Solar Negros Occidental 2
  • Scheduled commissioning of the park this year with potential to expand to a total capacity of 100 MWp
  • Planning for an initial public offering to raise funds for pipeline projects
  • Goal of adding 1 GW of solar capacity annually for the next five years
  • Aim to achieve a 35% renewables share in power generation mix by 2030 and 50% by 2040.

SOLAR DIRECTORY

Solar Installers, Manufacturers

spot_img

More from this stream

Recomended

‘Container throughput rises in March’

The Northwest Seaport Alliance’s (NWSA) has reported that container volumes reached 261,495 TEU in March, marking an 8.5 per cent growth over the same month in 2023. Year-to-date (YTD) volume...

Get Discounts on Sustainable Tech and Home Products with Earth Day Deals 2024

Avocado is currently offering significant savings on its range of organic, vegan, and eco-friendly mattresses. Customers can save as much as $1,650 on the Green and Luxury mattresses. In addition to...

Powerful Image Editing Tool for Professionals and Hobbyists

GIMP.org, the official website of GNU Image Manipulation Program (GIMP), continues to be one of the go-to resources for image editing enthusiasts worldwide. With its robust feature set and...

New Space Combat Standards Set by Star Wars Outlaws

Massive Entertainment’s latest venture into the Star Wars universe, Star Wars Outlaws, promises an exhilarating space combat experience that’s both accessible and action-packed. Julian Gerighty, the......

Delivering Dynamic News and Entertainment to the Audience

NDR, short for Norddeutscher Rundfunk, is a prominent public broadcasting organization based in Northern Germany. As part of their commitment to providing reliable news and engaging content to their...

Japan’s Top Restaurant Directory Website

There is no denying the fact that Japan is a culinary haven, renowned for its diverse and exquisite cuisine. To assist both locals and tourists in navigating this thriving food scene, a one-stop...