Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

13 CREC projects certified for expedited processing

by
September 16, 2024
in Top News
0
13 CREC projects certified for expedited processing
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

CITICORE Renewable Energy Corp.’s (CREC) 13 renewable energy (RE) projects, with a combined capacity of around 800 megawatts (MW), are now eligible for expedited permit processing, the Saavedra-led company said on Monday.

The company’s projects have received “certificates of energy projects of national significance” from the Department of Energy (DoE), CREC said in a statement.

“The recognition of our 13 projects underscores the importance placed by the government in the swift completion of RE projects, which are typically affected by challenges in securing permits and clearances,” CREC President and Chief Executive Officer Oliver Tan said.

The projects are comprised of 430 megawatts alternating current (MWac) of ground mount solar and 362 MWac onshore wind projects.

These are located in Pangasinan, Bataan, Pampanga, Batangas, Quezon, Camarines Sur, Iloilo, and Negros Occidental.

The awarded projects from the second round of DoE’s Green Energy Auction Program are part of the company’s goal to build five gigawatts of clean energy capacity in five years.

The certification, under Executive Order No. 30 signed in 2017, expedites the issuance of regulatory procedures and processes of local and national government agencies. 

“We thank the DoE for acknowledging the criticality of RE to the country’s energy security and urge other government agencies to support our country’s renewable energy targets,” Mr. Tan said.

CREC, directly and through its subsidiaries and joint ventures, manages a diversified portfolio of renewable energy generation projects, power project development operations, and retail electricity supply services.

At present, it has a combined gross installed capacity of 285 MW from its 10 solar power facilities in the Philippines. — Sheldeen Joy Talavera

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
National Artists, new filmmakers celebrated for Film Industry Month

National Artists, new filmmakers celebrated for Film Industry Month

Recommended

Alan Shearer Foundation receives £23,500 boost from Agilico’s Great North Run efforts

Alan Shearer Foundation receives £23,500 boost from Agilico’s Great North Run efforts

October 14, 2024
PHL T-bill, bond yields may ease on rate cut bets

PHL T-bill, bond yields may ease on rate cut bets

September 29, 2024
“Local Food Banks Benefit from Coventry Orchestra’s Winter Concert ‘Music Glorious Music’”

“Local Food Banks Benefit from Coventry Orchestra’s Winter Concert ‘Music Glorious Music’”

November 12, 2024
Leviste-led Provincia investing P15B in Batangas, Tarlac, Nueva Ecija

Leviste-led Provincia investing P15B in Batangas, Tarlac, Nueva Ecija

September 17, 2024
Entertainment News (12/13/24)

Entertainment News (12/13/24)

December 12, 2024
Top 5 Canadian Mining Stocks This Week: Orosur Jumps 92 Percent on Assays

Top 5 Canadian Mining Stocks This Week: Orosur Jumps 92 Percent on Assays

February 8, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved