Citicore Renewable energizes Negros solar plant

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Title Empowering Sustainable Energy CITICORE Renewable Energizes Negros Solar Plant

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A Milestone in Renewable Energy Development

In a significant achievement for renewable energy in the Philippines, CITICORE Renewable Energy Corp. (CREC) has announced the energization of its 69 megawatt-peak (MWp) Citicore Solar Negros Occidental 2 solar plant. This milestone marks another step forward in CREC's mission to transform the country's energy landscape.

A Commitment to Sustainable Energy Development

As Oliver Tan, President and CEO of CITICORE Renewable, emphasized, this achievement is part of the company's commitment to completing all 12 GEA-2 projects, with four more plants ready for energization by April and the last two expected to be completed in a couple of months.

A Harmonious Balance between Agriculture and Renewable Energy

Negros Occidental has long been renowned as an agricultural heartland and a renewable energy hub. By integrating solar generation with crop production, CITICORE Renewable is demonstrating how energy infrastructure can coexist with agriculture, providing a sustainable approach to energy development that benefits both the environment and local communities.

A Powerhouse in the Making

The Citicore Solar Negros Occidental 2 plant, located in Barangay Eustaquio Lopez, Silay City, is designed for expansion up to 100 MWp, complementing the firm's existing 25 MWp Citicore Negros Occidental 1 plant. This project, under the Department of Energy's Green Energy Auction Program, aims to deliver clean and reliable power to the Visayas grid.

Innovative AgroSolar Initiatives

As part of its commitment to sustainable energy development, CITICORE Renewable is expanding its AgroSolar initiative, allowing the land underneath solar panels to grow high-value crops. This innovative approach will not only boost food security but also provide livelihood opportunities for local farmers, contributing to the country's overall economic growth.

A Bright Future Ahead

With its share price rising by 10 centavos to close at P4.59 apiece on the day of the announcement, CITICORE Renewable's success is a testament to the potential of renewable energy in transforming the country's energy landscape. As the company continues to innovate and expand its initiatives, it will undoubtedly play a significant role in empowering sustainable energy development for years to come.

Conclusion

In conclusion, CITICORE Renewable's energization of its 69 MWp Citicore Solar Negros Occidental 2 plant marks another important milestone in the country's transition towards renewable energy. With its commitment to sustainable energy development and innovative AgroSolar initiatives, CREC is poised to make a significant impact on the industry, driving a brighter future for generations to come.

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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.