Tycoon Edgar Saavedra's pure-play renewable power platform Citicore Power remains in expansion mode, targeting the activation of over two gigawatts (GW) of capacity through 2027, as reported by Philstar Biz.
The company's ambitious capacity build-out spans solar, wind, and other renewable sources, with projects spread across various stages of development. This target represents a significant leap from Citicore's current operating portfolio, underscoring its confidence in the Philippines' growing renewable energy demand and supportive regulatory environment.
Despite facing market headwinds such as rising costs and supply chain challenges, Citicore remains upbeat about its growth trajectory. The expansion plan aligns with the government's push for cleaner energy and positions the company to capture a larger share of the country's renewable energy market.