Citicore Renewables Starts Work on 240MW Philippines Solar Power Plant

Citicore Renewable Energy Corporation (CREC) marked a significant milestone with a ceremonial ground-breaking for its first solar power plant project in the Province of Pangasinan, North of Metro Manila.

This is CREC’s second ground-breaking this year, demonstrating the company’s commitment to advancing sustainable energy in the Philippines.

The 240 Megawatt (MW) solar power plant development is progressing in Binalonan, Pangasinan. Once completed, this facility is expected to have an annual generation capacity of approximately 326 Gigawatt-hours (GWh), enough to power approximately 136,000 households, potentially resulting in a significant curb of carbon emissions by about 228,000 tonnes per year.

“This is only the start of renewable energy developments in the province,” said CREC President and CEO Oliver Tan. “This development demonstrates our strong support of the provincial and municipal governments’ vision for the future. Through partnerships of this nature, we aim to catalyze growth and prosperity across the entire province,” he added.

“Citicore’s solar power plant here in the municipality shows Binalonan’s progressiveness and ability to embrace change for a better and greener future,” stated Binalonan Mayor Ramon Ronald Guico IV.

In addition to the Binalonan groundbreaking, CREC also announced its plans for two (2) other projects in Pangasinan: another 270MW solar power plant which will commence together with the Binalonan project, and a 150MW onshore wind power project.

“In line with the government’s energy transition program, CREC has committed to deliver five (5) Gigawatts (GW) of clean energy in five (5) years,” declared CREC Chairman Edgar Saavedra.

“Only a common vision and collaborative effort can make this goal possible and we recognize the vital roles that partnerships and stakeholders play in achieving this promise. We thank the province of Pangasinan, the Department of Energy (DOE), local and national government stakeholders, and our host communities for their trust and dedication. It is all crucial for reaching this pivotal and shared objective.”

Aligned with CREC’s commitment to contribute approximately 1GW of ready-to-build solar energy capacity per year for the next five years, CREC’s Pangasinan renewable energy projects, through its wholly-owned subsidiaries, have secured off-take contracts with the government through the DOE’s Green Energy Auction Program, in support of the administration’s renewable energy targets.