Citicore Renewable Energy Corporation (CREC) has shared new details about its plans to build more wind energy in the Philippines. In an official filing, the company said that its wind unit, Citicore Wind Energy Corporation, will set up an 80-megawatt wind power project in Pangasinan.
The wind project will be carried out by Citicore Wind Pangasinan 2 Inc., a direct subsidiary of the wind unit. According to the announcement, the wind farm will cost about $170.48 million, or roughly PHP 9.6 billion. It is planned to be ready by the first quarter of 2028.
CREC has been adding new renewable energy projects in different parts of the Philippines. The company wants to build wind and solar plants to help add clean electricity to the national grid.
Along with the Pangasinan project, there are other small projects. One is a solar rooftop drive where CREC partners with schools to install panels. Some of these school rooftops can produce about 1 to 2 megawatts each. The electricity helps the schools cut bills and feed extra power into local lines.
Another project is CREC’s plan for a pilot agro-solar farm in Batangas. Here, solar panels are set up above crops. This trial covers about 5 hectares and aims for about 1 megawatt capacity. The plan is to see if solar energy can be combined with farming without stopping crops from growing.
CREC’s bourse filing shows that the company wants to expand its renewable energy plans in steps over the next few years. The Pangasinan wind farm is part of its goal to grow its wind capacity alongside solar farms already operating in Luzon and Visayas.
The company has said that using wind and solar power will help lower the use of fossil fuels in the Philippines. New wind projects like the one in Pangasinan can bring in extra power during the dry season when electricity use is higher.
