"Citicore REIT Projects: 5 Key Insights for Proceeding in 2025

Citicore REIT Projects: 5 Key Insights for Proceeding in 2025As the world shifts towards a more sustainable future, it's essential to stay informed about the latest developments in renewable energy. In this blog post, we'll be exploring five key insights on Citicore REIT projects that are poised to proceed in 2025.Insight #1: Solar Expansion Projects Take Center StageCiticore Energy REIT Corp. (CREIT) is set to begin construction on two solar-power projects, Negros 1 and Cebu 1, in June-July 2025. These projects will have a combined gross installed capacity of 124 megawatts, providing electricity to over 70,000 households per year.Insight #2: Wind Power Project Gains MomentumIn addition to the solar expansion projects, Citicore Wind Energy Corp. is expected to proceed with the Pangasinan CW 2 wind power project in July 2025. This project will have a gross installed capacity of 150 megawatts, covering 102,000 households per year.Insight #3: Advanced Development PipelineCREC has a robust pipeline of 12 RE projects in advanced stages of development, with a combined gross installed capacity of approximately 1,426.8 megawatts. These projects are expected to be completed within the next two to three years, demonstrating the company's commitment to renewable energy and its growth potential.Insight #4: Pre-Development and Early Development StagesOn the other hand, CREC has a total of 32 projects in pre-development and early development stages, with a combined gross installed capacity of approximately 3,980 megawatts. These projects are targeted for commercial operations between 2028 and 2030.Insight #5: Financial Performance Sets the StageCREIT's financial performance is also worth noting. For the first nine months of 2024, the company reported a revenue growth of 5 percent to PHP 1.38 billion, attributed to the acquisition of new parcels of land from proceeds of its green bond offering in February 2023. Net income for January to September rose by 2 percent to PHP 1.04 billion due to the full take-up of incremental revenues from assets acquired the previous year.Conclusion: Citicore REIT Projects Set to ProceedIn conclusion, Citicore REIT projects are poised to proceed in 2025, with a focus on solar and wind power. As we navigate the world of renewable energy, it's essential for professionals like you to stay informed about the latest developments in the industry.Keyword Takeaways: Citicore REIT projects Solar expansion projects Wind power project Renewable energyBy staying up-to-date on the latest developments in the renewable energy industry, we can drive progress and innovation forward.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.